KOREAN REPUBLIC: Korea Republic Foreign indirect ownership in telecommunications liberalised

Monday September 2 2013

The Ministry of Science, ICT and Future Planning has amended the Telecommunications Business Act to provide for 100% Korean Republic foreign indirect investment in Korean telecommunications carriers, effective immediately. The ownership ratio extends to indirect investments made by foreign investors through Korean companies. The rule changes do not however apply to the country`s three dominant carriers – KT Telecom, LG Uplus and SK Telecom.

Click on the above link for the amended legislation (currently only available in Korean).