(In case the investor is two or more person, the requirements of above (2) and (3) shall be met)

• (Attachment 1) Foreign investment report (format)
• (Attachment 2) (Power of Attorney) (format)

• - Report foreign exchange transaction (report securities acquisition) based on Foreign Exchange Transactions Act
• - It is convenient to open an account of one of the shareholders at the same time.

(Transferring capital from foreign countries to domestic branches of fx bank)

• 1) Name of the bank e.g) Woori Bank Seoul Global Investment Center, KOOKMIN BANK
• 2) Name of the sender: Foreign investor
• 3) Name of the receiver: Name of the company
• 4) Purpose of the fund: “In order to establish () company, or for investment purpose”

• 1) Foreign currency purchase certificate or foreign currency deposit certificate
• 2) Certificate of deposit payment or balance certificate (for corporation registration)
  <= Judicial scrivener can work as an agent for issuing aforementioned documents

((The registration procedure basically the same as that of a general domestic corporation, but note that there are additional documents in preparation of documents for foreign corporations.)( <= Judicial scrivener works as agency for procedures)

• 1) At least 3 directors, including representative director, 1 auditor (In case capital exceeds 1billion KRW)
• 2) At least 4 shareholder, including a subscriber (More than 3 initiators, 1 subscriber)
• 3) In case capital amount is less than 1 billion, the company can be established with a total two members, director and auditor
• 4) In case there is an executive who is not shareholder, notarization process is more simplified)

• 1) In case the initiator (shareholder) is a foreigner
  ① Three ③ copies of the power of attorney notarized in the home country (Including articles of association, minutes)
  If a foreigner is not present in the country or if he / she shall notarize the letter of attorney which states that the company is delegating the power ○○○.
  ② Copy of passport (if the shareholder is an individual)
  ③ Certificate of a corporate identity (if the shareholder is a corporation)
  (Existence of foreign corporation, document proving representative director and headquarter location)
  ④ If it is possible to issue a seal certificate, like Japan, Taiwan, put a corporation or individual seal and affix seal certificate.
  ⑤ All documents shall be translated.
• 2) In case the director or auditor is foreigner.
  ① If he/she is not visiting Korea
    - Sign the inauguration letter and letter of proxy (including the seal declaration for representative director) and notarize in the notarized office of the home country or the government office of the home country and issue Apostille.
    - Notarize inaugural letter of attorney with copy of passport
    - passport copy
  ② If he/she is visiting Korea
    - Sign the inauguration letter and letter of proxy (including the seal declaration for representative director) and notarize in the Korean notarized office or the embassy of the home country in Korea and issue Apostille
    - Notarize inaugural letter of attorney with copy of passport
    - passport copy
  ③ If it is possible to issue a seal certificate, like Japan, Taiwan, put corporation or individual seal in the inauguration letter and attach seal certificate, identification card(copy of passport, ID card, driver's license)
  ④ All documents shall be translated.
• 3) In the case of a foreign representative (additional documents)
  ① Inauguration letter, seal declaration (form), notarized letter and Apostille
  ② Certificate of verifying the company address shall be notarized and issue Apostille (Representative Director's address shall be included)
    - In case there is address certificate, one can verify the address in home country (Japan, Taiwan, etc.)
    - If case there is no address certificate, one shall notarize the address certificate, and issue Apostille.
    (Address cannot be notorized in Korea)
  ③ Copy of passport