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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Sat Jun 25, 2005 4:21 am Post subject: Permanent residency for foreigners who invest $2 million |
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More Foreigners to Get Permanent Residency Status
Foreigners who invest $2 million or more and hire at least five South Korean nationals will be able to get permanent residency. Previously, permanent residency status was given only to foreigners who invest $5 million or more.
According to the revised enforcement decree of the Immigration Control Law, foreigners talented in science, management, culture or art will also be entitled to become permanent residency holders on condition of recognition from the justice minister.
"We need to expand the range of those eligible for permanent resident status as a way to attract more foreign investors and experts," an official at the Justice Ministry said. "We expect this revision will contribute to creating more jobs and therefore boosting the nation��s economy."
The revised law will take effect from Sept. 25.
by Seo Dong-shin, Korea Times (June 24, 2005)
http://times.hankooki.com/lpage/nation/200506/kt2005062419075311980.htm |
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funplanet
Joined: 20 Jun 2003
Location: The new Bucheon!
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| Posted: Sat Jun 25, 2005 5:02 am Post subject: |
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There are better places to invest that sort of money and get permanent residency (even citizenship) than Korea....
The regulations, corruption, and labor relations make this place, uh....undesirable |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Sat Jun 25, 2005 5:16 am Post subject: |
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| funplanet wrote: |
There are better places to invest that sort of money and get permanent residency (even citizenship) than Korea....
The regulations, corruption, and labor relations make this place, uh....undesirable |
But funplanet the Justice Ministry must be right.
"We need to expand the range of those eligible for permanent resident status as a way to attract more foreign investors and experts," an official at the Justice Ministry said. "We expect this revision will contribute to creating more jobs and therefore boosting the nation's economy."
by Seo Dong-shin, Korea Times (June 24, 2005)
http://times.hankooki.com/lpage/nation/200506/kt2005062419075311980.htm |
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Hwajangsil Ajumma
Joined: 02 May 2005
Location: On my knees in the stall
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| Posted: Sat Jun 25, 2005 5:24 am Post subject: |
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| Quote: |
If you wanna go and take a ride wit me
We three wheelin in the four with the gold cv's
Oh why do I look this way?
(Hey, must be the money)
If you wanna go and get high wit me
Smoke an L in the back with the benzen-e
Oh why do I feel this way?
(Hey, must be the money)
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