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tabula rasa
Joined: 03 Jan 2007
Location: Daegu, Korea
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 Posted: Tue Feb 16, 2010 1:49 pm Post subject: Anyone not married to a K own a business? |
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Hello. I'm looking for info about changing my E2 visa to something else where I can own my own business (Hogwon) without being married to a Korean.
I tried the immigration website and came up short. anyone out there in this situation or anyone know of someone who has their own business and is not married?
Cheers. |
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crossmr
Joined: 22 Nov 2008
Location: Hwayangdong, Seoul
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| Posted: Tue Feb 16, 2010 4:29 pm Post subject: |
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You need to provide 50 million won ($43,650~ USD) from out of country to qualify for a D8 visa. Technically the money you earned in Korea cannot be contributed towards that.
I know there has been the odd poster mention they're on a D8, but I don't know if anyone has tried to transfer their Korean money out and bring it back in. Likely the burden would be on you to prove where the money came from. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Feb 16, 2010 5:12 pm Post subject: Re: Anyone not married to a K own a business? |
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| tabula rasa wrote: |
Hello. I'm looking for info about changing my E2 visa to something else where I can own my own business (Hogwon) without being married to a Korean.
I tried the immigration website and came up short. anyone out there in this situation or anyone know of someone who has their own business and is not married?
Cheers. |
50 million won for your initial investment and you get a D8, investors visa.
There are additional restrictions and requirements (from the education office) if you want to open a hakwon (that relate to the business not the D8 visa).
The Seoul help center can give you all the information you require.
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Tue Feb 16, 2010 7:36 pm Post subject: |
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| check out The midnight runner podcast! Bassexpanda interviews a guy in busan who did exactly what you want to do. he talks in great detail about the process.. search the site for it.. |
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tabula rasa
Joined: 03 Jan 2007
Location: Daegu, Korea
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| Posted: Tue Feb 16, 2010 8:29 pm Post subject: |
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| thanks for the quick replies. especially itaewon guy! lots to think about after listening to that podcast. |
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Juregen
Joined: 30 May 2006
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| Posted: Tue Feb 16, 2010 10:43 pm Post subject: |
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Don't do it.
Unless you really know what you are doing.
If it is a fling, a "great" idea, simply don't do it. |
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frankhenry
Joined: 13 Mar 2007
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| Posted: Tue Feb 16, 2010 11:12 pm Post subject: Re: Anyone not married to a K own a business? |
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| tabula rasa wrote: |
Hello. I'm looking for info about changing my E2 visa to something else where I can own my own business (Hogwon) without being married to a Korean.
I tried the immigration website and came up short. anyone out there in this situation or anyone know of someone who has their own business and is not married?
Cheers. |
Not to sound like an *ss, but if you have to ask for this information, you may not be ready to own your own hogwon. |
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