Risk Based Investment Visa

The Immigrant Investor Scheme for Public Business (IISPB) grants Resident (F-2) status, which allows free economic activities, to foreigners making a certain amount of investment in compliance with the standard set by the Minister of Justice, and allows changing the status to Permanent Resident (F-5) if the foreign investor maintains the investment for at least 5 years.

Resident (F-2) status, which allows free economic activities, is granted to a foreign investor, the spouse and the unmarried children, and changing the status to Permanent Resident (F-5) is allowed if the foreign investor maintains the investment for at least 5 years.

• 500 million KRW (US$450,000) or more
• 300 million KRW (US$ 265,000) or more for a retiree investor over 55 years of age

Besides the investment, a retiree investor and the spouse should have assets of 300 million KRW or more at home and abroad.