1. Overview
F-5-24 Permanent Residency is for foreigners who have stayed in Korea for 3 years or more in the technology-startup (D-8-4) status, raised KRW 300 million or more in investment, and employ at least 2 Korean nationals. This page summarizes the requirements and documents.
2. Eligibility Requirements
- Continuous stay of 3 years or more in Korea in technology-startup (D-8-4) status as of the application date (past stay periods are excluded)
- Investment of KRW 300 million or more attracted from domestic or foreign investors, or equivalent capital (the sum of attracted investment and the corporation's capital may count)
- Employing at least 2 Korean nationals on a full-time, regular basis for 6 months or more as of the application date
- Subsistence-ability requirement and basic-literacy requirement are exempt
- Good conduct requirement applies
3. Required Documents
Documents may differ by individual case, and the immigration office may request other documents it deems necessary.
4. Procedure
- Consultation and review of eligibility for this F-5 sub-category
- Preparation of common documents and category-specific documents
- Application for permanent residence (F-5) status at the competent immigration office
- Review by the immigration office (timing varies by case; confirm with the office)
- Receipt of the permanent residence card
5. Frequently Asked Questions
Q. How long does the process take?
A. Processing time varies depending on the competent Immigration Office.
Q. What are the benefits of using an administrative agent?
A. An administrative agent can help with case-by-case review of requirements and document preparation, with support in 4 languages.
Q. Which languages are supported?
A. Consultations are available in Korean, English, Chinese, and Japanese via KakaoTalk · WeChat · LINE · WhatsApp.
Q. What if my application is denied?
A. Depending on the denial reason, you may be able to supplement documents or reapply. Strategy varies by case — we recommend consultation first.