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Does Korea Have an Economic Citizenship Program?

 
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FreedomOffshore



Joined: 26 Dec 2008
Location: www.freedomoffshore.com

PostPosted: Tue May 12, 2009 11:04 pm    Post subject: Does Korea Have an Economic Citizenship Program? Reply with quote

Just wondering if anyone here knows the different ways a foreigner can get citizenship in Korea without marrying a Korean woman or living there for ten years?


I am not interested personally but would be interested in knowing since
some countries have an economic citizenship program whereby the buyer contributes money to an official program and gets naturalization and a passport from the country. Does Korea have anything similar to this or what do they have?


Thanks, FREEDOM Cool
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tzechuk



Joined: 20 Dec 2004

PostPosted: Wed May 13, 2009 2:29 am    Post subject: Reply with quote

Yes, they do. I believe it's 50K US initial investment for a D8 visa and when you have that for 5 years they will give you permanent residency. I am not sure how long it takes to transfer from PR to citizenship though.
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crossmr



Joined: 22 Nov 2008
Location: Hwayangdong, Seoul

PostPosted: Wed May 13, 2009 2:42 am    Post subject: Reply with quote

50K is for a D8, I believe citizenship requires 500k. You can also get an F5 now by employing 20 koreans, no money limit.
The only other way is through special dispensation from a government official. You basically gotta save his life or something.

Otherwise you're marrying.
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tzechuk



Joined: 20 Dec 2004

PostPosted: Wed May 13, 2009 4:05 am    Post subject: Reply with quote

That's what I said. 50K for a D8, then after 5 years on a D8 you can ask for an F5, and after a number of years you can acquire citizenship. I am just not sure how long.
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crossmr



Joined: 22 Nov 2008
Location: Hwayangdong, Seoul

PostPosted: Wed May 13, 2009 4:11 am    Post subject: Reply with quote

tzechuk wrote:
That's what I said. 50K for a D8, then after 5 years on a D8 you can ask for an F5, and after a number of years you can acquire citizenship. I am just not sure how long.


No, I don't think you can get citizenship off that without investing more/having more capital. In order to get to citizenship I think you need to hit 500k, not 50k.
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