South KoreaResidence
South Korea golden visa (investment immigration)
Immigrant Investor Scheme for Public Business (F-2 residence by investment)
In short
Under the Immigrant Investor Scheme for Public Business, foreigners who invest at least KRW 500 million, or KRW 300 million for retiree investors over 55, in a Ministry of Justice public fund or designated development projects receive the Resident (F-2) status. Maintaining the investment for five years allows a change to permanent residence (F-5).
Apply on Korea Visa Portal – Immigrant Investor checked 23 October 2026
Key facts
- Funds required
- ₩500,000,000Minimum investment, held for at least five years (KRW 300 million for retiree investors over 55, who must also hold KRW 300 million in assets with their spouse).
- Work
- Yes, F-2 allows free economic activity
- Family
- Spouse and unmarried children also receive F-2
- Path to permanent residence
- F-5 after maintaining the investment for at least five years
- Where to apply
- Through the Ministry of Justice investment immigration procedure; contact the immigration office or Korea Visa Portal (Immigrant Investor section)
Two investment types
Principal-guaranteed, interest-free investment: the investor deposits the required amount in the public fund operated by the Korea Development Bank on behalf of the Ministry of Justice, and only the principal is returned after five years. Risk-based investment: the investor invests in development projects in less developed regions designated by the Minister of Justice, namely development promotion regions (Yeongju, Andong, Yecheon) and tourism and leisure enterprise cities (Taean, Yeongam, Haenam), and may gain or lose.
Amounts
The minimum is KRW 500 million. Retiree investors over 55 may invest KRW 300 million, but together with their spouse they must also hold assets of KRW 300 million or more in Korea or abroad. Criminals, tax delinquents and those who have violated the Immigration Act four times or more cannot apply, although applicants who have paid overdue taxes become eligible.
Alien registration after arrival
Anyone staying longer than 90 days must register at the immigration office for their place of stay within 90 days of entry and receive a residence card (fee KRW 35,000). If you do not register, the visa is treated as invalid. A change of address must be reported within 15 days to the local district office or the immigration office. Single-entry long-stay visa holders need a re-entry permit before travelling abroad unless they hold a multiple-entry status.
Status and family
The investor, the spouse and unmarried children receive the Resident (F-2) status, which permits free economic activity such as employment or business. After the investment has been maintained for at least five years, the investor and qualifying family members can change to Permanent Resident (F-5); the Enforcement Decree lists this route explicitly.
Documents
Required documents
Identity
- Passport and application form with photo
- Criminal record certificate and tax clearance
Money
- Proof of the investment in the public fund or designated project
- Source of funds documents
Supporting documents (where they apply)
Money
- Retirees over 55: proof of KRW 300 million in assets with the spouse
Family
- Marriage and birth certificates for family members
How to apply, step by step
- Choose between the principal-guaranteed public fund and a risk-based project investment.
- Check eligibility (no criminal record, no unpaid taxes) and prepare source-of-funds evidence.
- Make the investment of KRW 500 million (or KRW 300 million as a retiree over 55) through the designated channel.
- Apply for the F-2 status for yourself and your family and register within 90 days.
- Maintain the investment for five years, then apply to change to F-5 permanent residence.
Frequently asked questions
Is the public fund investment returned?
Yes, the principal (without interest) is returned after five years in the principal-guaranteed type.
Can I work with F-2 investor status?
Yes. F-2 allows free economic activity.
Does buying an apartment in Seoul count?
No. Only the public fund and the designated development projects in the listed regions count under this scheme.
Official sources
- Korea Immigration Service – Immigrant Investor Scheme for Public Business (IISPB)
- Enforcement Decree of the Immigration Act, Tables 1-2 and 1-3 (statuses of stay, permanent residence)
Summarised from the official sources above. Rules, fees and processing times change: confirm with the embassy or the official portal before you apply.
Other visa types for South Korea
Visits and short stays
- Tourist visa Maximum stay: Up to 90 days
Business and self-employment
- Business visa Maximum stay: Up to 90 days
- Investor visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
- Entrepreneur and start-up visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
Study and training
- Student visa Maximum stay: Period of stay granted according to the study programme; register within 90 days
- Language course visa Maximum stay: Granted per course term; register within 90 days if staying longer
- Researcher visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
Work
- Skilled worker visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
- Job seeker visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
- Intra-company transfer visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
Family
- Spouse and partner visa Processing time: Usually a month or more; longer if documents are checked, an interview or field investigation is needed
- Family reunification visa Processing time: Set by the Korean embassy or consulate where you apply; check its processing time and apply well before travel
Residence
- Permanent residence Maximum stay: Indefinite; the permanent residence card is renewed
Online travel permits
- Electronic travel authorisation (ETA) Maximum stay: As set for your nationality in the K-ETA eligibility list, 90 days per visit for many countries
Protection
- Asylum and international protection Processing time: Decision within 6 months of the application, extendable by up to 6 months