www.kotra.or.kr www.investkorea.org 2018-04-30 Introduction to ICC (investment Consulting Center) 2010. 8 Investment Consulting Center www.kotra.or.kr www.investkorea.org
I. General Information about ICC Date of establishment : 2010.08.01 - 2010. 5. 31 The fifth Resolution of Board of Directors Purpose : to provide comprehensive one-stop service - extend the service scope, provide intensive support improve convenience of foreign investors Organization: Consolidation of consulting, Administrative service and ISC Staff : total 22 Location : IKP 2nd Floor
II. Personnel Organization 2018-04-30 ICC Personnel Organization - total 22 Head of the Center Professional Investment Consultants : 3 FDI Notification & Registration, Consulting, Statistics Management : 3 Administrative Assistance & Consultants : 9 Living Counseling (English, Japanese) : 2 Receptionist, Intern, Supporting assistants : 4 Outside Experts
III. Main tasks One-stop Service 2018-04-30 Provide one-stop Service through the whole procedure of FDI One-stop Service Settlement support service, Aftercare service Administrative Assistance (FDI Notification & Registration, Corporation Establishment, Visa related affairs, etc.) Professional Consultation by Investment Field Research and Consulting for potential investors
Administrative Assistance IV. Workflow of ICC 2018-04-30 Providing one-stop Service through the whole procedure of FDI Investment Consultation Administrative Assistance Investor Settlement Service - Initial Consultation (Consultation on general foreign investment regime such as investment procedures, requirements and incentives) Professional Consultation by Investment Field (In depth consultation in each field of taxation, accounting, and law provided by Professional consultants) - Foreign Investment Notification & Registration (National Tax Service) Consultation on tax exemption and reduction, Business tax ID Registration (Korea Customs Service) Issuance of certificates of the completion of capital goods investment in-kind, Customs-related consultation (Supreme Court) Guidance and support for the application and registration of foreign –invested companies (Ministry of Justice) Issuance of residence permits to investors (D-8) and their accompanying dependents (F-3) and household assistants (F-1), Alien registration; declaration of change of residence - (Ministry of Employment and Labor) Consultation on personnel and labor relations (Korea Industrial Complex Corp) Assistance for Business location search Provision of information and consultation on life in Korea, including housing, education, medical services, and getting a driver’s license Appointment of a designated coordinator for settlement assistance (One-on-one assistance for the Executives and employees as well as their family members of foreign invested companies for the first one-year period) 5
V. New Services Provide Advanced Comprehensive One-stop Service 1. Expand the administrative service scope 2. National Network Service 8 field 11 types of services + add 6 more services 6. Comprehensive In-depth Consultation Online video consultation Integrated Supporting System connecting IK -local government Provide Advanced Comprehensive One-stop Service IK Professional Consultants, Administrative Assistance, and Outside Experts will provide an effective consultation 3. Company Visiting Service 5. designated coordinator for settlement assistance Operate moving ICC targeting the aggregated region of foreign invested corporation One-on-one assistance for the potential and initial investors for the first one-year period 4. Outside Professional Organization Outside Professional Organizations (law firm, Accounting firm, etc.) will provide free service from regular visits
www.kotra.or.kr www.investkorea.org 2018-04-30 Thank you www.investkorea.org IKP bld. 2nd Floor 300-6 Yeomgok-dong Seocho-gu Seoul, Korea Tel. 1600-7119, Fax 3497-1611 Korea’s National Investment Promotion Agency www.kotra.or.kr www.investkorea.org The Investment Promotion Arm of KOTRA