The Republic of South Korea is divided into nine provinces. The country is made up of the southern half of the Korean Peninsula, which is bordered on the north by North Korea and the east by the Sea of Japan. Gyeonggi, North Gyeongsang, and South Gyeongsang are the most important provinces. The country of South Korea covers a total size of 100,363 square kilometers. This places it as Asia's 31st largest country. It has a moderate climate with frigid winters and rainy summers. Hills and mountains dominate the landscape, with large coastal plains in the south and west. The population totals around 51.7 million people. Seoul, the country's capital and most populated city (with about 9.7 million residents), is followed by Busan, Incheon, and Daegu. With almost 71 million annual passengers, Incheon International Airport (ICN) is the largest airport, followed by Jeju International Airport with 31 million.
South Korean culture is rich in customs and legacy, and Incheon Airport is the world's 14th busiest airport, serving all continents. The majority of the people in the country are not religious. Korean is the official language. The legal system is a combination of European, Anglo-American, and Chinese legal systems. A presidential republic is the government type. Moon Jae-in has been elected as the country's chief of state and government. Elections are held every five years.
The South Korean won (KRW) is the country's official currency. The country has an open economy, with a GDP of over $2.29 trillion, making it the world's 14th largest economy. The per capita income of its residents is $44,292. The services and industries sectors account for the majority of GDP. Electronics, telecommunications, and automobile manufacturing are the country's principal exports. South Korea is home to a range of urban and natural tourism destinations and attractions, making it one of the world's technological leaders.
It is particularly well-known for its culture, cities, and scenic landscapes, which draw tourists both in the winter and summer. There are 14 UNESCO world heritage sites in the area. The Changdeokgung Palace, Busan, Jeonju, the Seoul Tower, the Bukchon Hanok Village, the Seoraksan National Park, the DMZ, and the National Museum are just a few of the significant attractions. Every year, around 17.5 million tourists visit the country. The vast majority of visitors come from Asia.
South Korea
South Korea has a territorial taxation system, which taxes residents on their worldwide income. South Korea also has a double taxation agreement with over 70 countries, which means that residents can benefit from lower taxation on their foreign income. In addition, South Korea has a number of free trade agreements, which gives residents access to preferential tariffs and other benefits. From an economic perspective, South Korea is a developed country with a strong economy. South Korea is a member of the OECD and the G20, and its per capita GDP is the 11th highest in the world. There are a couple of mobility pathways to South Korea worth considering.
For applicants that intend to work for a company with foreign investment in compliance with the Foreign Investment Promotion Act (for only those dispatched to ROK)
The goal of the investment must be a Korean firm (including the ones that are in the midst of establishment process) and the minimum investment amount is 100 million KRW. The applicant must either own at least 10 percent of the total capital stocks of the company in addition to the voting right or sign a contract of dispatching and appointing executives by having some stock shares.
Real Estate Purchase in one of the Following Areas: Pyeongchang Gangwon-do, Incheon Free Economic Zone, Jeju-do, Yeosu Jeollanam-do, Busan, Paju Gyeonggi-do.
Resort condominium business in accordance with Article 3 (1) 2 (b) of the Tourism Promotion Act and Subparagraph 15 (b) of Attached Table 1 of the Enforcement Decree of the Building Act; Accomodations business in Subparagraph 15 (a) of Attached Table 1 of the Enforcement Decree of the Building Act; Villa business in accordance with Article 28 of the Enforcement Decree of the Local Tax Act, in Article 168 (3) of the Enforcement Decree of the Income Tax Act, and Real estate facilities owned by immigrant investors cannot be rented, mortgaged, confiscated, or exchanged.
The Korea Finance Corporation, which was founded by the Korean government and is currently tasked by the Ministry of Justice, has created and managed the public fund into which foreign investors have invested more than the required amount. The Korea Finance Corporation then lends the funds at cheap interest rates to smaller enterprises.
A retiree older than 55 is obliged to contribute more than 300 million Korean Won.
The applicant should have a bachelor's degree or higher academic degree, or be a founder of a corporation or possess intellectual property rights, technical expertise, or the equivalent.
Background and expertise in order to qualify for the visa.
According to the SovSpot Passport Ranking Index, the South Korean passport is now ranked second. It allows citizens of 195 nations to travel without a visa. As a result, it is regarded as one of the world's most desirable passports, having a very high mobility score. Visa-free travel and visas on arrival are available to South Korean passport holders in countries such as Brazil, the European Union, the United Kingdom, the United Arab Emirates, and the United States. South Korean passport holders, on the other hand, need a visa to visit around 34 countries around the world. Ghana, Cuba, and China are among the countries that require a visa.
2
195
The number of countries South Korean passport holders can enter without a visa (i.e. visa-free countries) is added to the number of countries South Korean passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization (i.e. visa-on-arrival countries) (eTA). There are now 140 visa-free countries for South Korean passport holders, 45 visa-on-arrival countries for South Korean passport holders, and 10 eTA destinations. South Korean passport holders can access a total of 195 countries without a visa, via a visa on arrival, or using an eTA. As a result, the South Korean passport is ranked number two in the world. Apart from these visa-free and visa-on-arrival countries, there are 34 more countries where South Korean passport holders will need a physical visa or an eVisa (i.e. visa required countries).
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