F-5-5 Permanent Residency

1. Overview

F-5-5 Permanent Residency is for foreign investors who invested USD 500,000 or more under the Foreign Investment Promotion Act and employ at least 5 Korean nationals. Officers and employees other than the investor are not eligible.

2. Eligibility Requirements

• Maintaining an investment of USD 500,000 or more under the Foreign Investment Promotion Act (for joint investors, the applicant's own share must be USD 500,000 or more)
• Directly employing at least 5 Korean nationals on a full-time, regular basis for 6 months or more as of the application date, as the party to the employment contracts
• For joint investors, the employed nationals must be different for each investor; a national already counted for another applicant within the previous 6 months is excluded
• Subsistence-ability requirement and basic-literacy requirement are exempt
• Good conduct requirement applies; overseas criminal record verification may be omitted

3. Required Documents

Documents may differ by individual case, and the immigration office may request other documents it deems necessary.

4. Procedure

1. Consultation and review of eligibility for this F-5 sub-category
2. Preparation of common documents and category-specific documents
3. Application for permanent residence (F-5) status at the competent immigration office
4. Review by the immigration office (timing varies by case; confirm with the office)
5. Receipt of the permanent residence card

5. Frequently Asked Questions

6. Related Services