(1) Remittance of proceeds accruing from the stocks, etc. acquired by a foreign investor, proceeds from the sale of stocks, etc., and the principal, interests, and service charges paid under the loan contract referred to in Article 2 (1) 4 (b) to a foreign country, shall be guaranteed in accordance with the details of the report or permission of the foreign investment at the time of such remittance. <Amended on Jan. 27, 2016>

(2) Except as otherwise provided in other statutes, foreign investors and foreign-invested companies shall be treated in the same manner as nationals of the Republic of Korea or Korean corporations or enterprises are treated in respect of their business operations. <Amended on Feb. 4, 2020>

(3) Except as otherwise provided in other statutes, the provisions of tax statutes concerning tax exemptions and reductions applied to nationals of the Republic of Korea or Korean corporations or enterprises shall also apply to foreign investors, foreign-invested companies, and the lenders of loans under Article 2 (1) 4 (b). <Amended on Jan. 27, 2016; Aug. 20, 2019; Feb. 4, 2020>

(4) Matters necessary concerning procedures for remittance foreign countries under paragraph (1) shall be prescribed by Presidential Decree. <Newly Inserted on Jan. 27, 2016>

[This Article Wholly Amended on Jan. 30, 2009]

(1) Except as otherwise provided in the statutes of the Republic of Korea, a foreigner may engage in various activities of foreign investment in the Republic of Korea without restraint.

(2) No foreigner shall be restricted from making any foreign investment prescribed in this Act, except in the following circumstances:

1. Where he or she threatens national security and public order;

2. Where he or she has harmful effects on public health and sanitation or environmental preservation or is against Korean morals and customs;

3. Where he or she violates any statutes of the Republic of Korea.

(3) The categories of businesses in which foreign investment is restricted in accordance with any of the subparagraphs of paragraph (2) and the details of restrictions shall be prescribed by Presidential Decree.

(4) Where the head of a relevant administrative agency restricts foreign investment, such as treating foreigners or foreign-invested companies unfavorably compared to nationals of the Republic of Korea or Korean corporations or enterprises or charging additional liabilities to foreigners or foreign-invested companies, in statutes and regulations other than this Act, public notices, etc., the Minister of Trade, Industry and Energy shall combine and publicly announce the details thereof each year, as prescribed by Presidential Decree. Where the head of a relevant administrative agency intends to amend or add any restriction, he or she shall pre-consult with the Minister of Trade, Industry and Energy. <Amended on Mar. 23, 2013; Feb. 4, 2020>

[This Article Wholly Amended on Jan. 30, 2009]