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Amendment Bill of the Foreign Exchange and Foreign Trade Act

October 21, 2019
Ministry of Finance

Amendment Bill of the Foreign Exchange and Foreign Trade Act

 The Cabinet approved the Amendment Bill of the Foreign Exchange and Foreign Trade Act on October 18, 2019.

 While respecting the principle of free investment, the Act requires prior-notification with screening for investment in certain business sectors designated from the standpoints of: national security; public order and safety; and smooth functioning of economy, as stipulated in the Act.

 The Bill aims to:
    -     Further promote foreign direct investment (FDI) conducive to sound economic growth; and
    -     Ensure minimal review of FDI that could pose risks to national security.

 Particularly, the Bill introduces exemption from the prior-notification requirement and adjusts the coverage of FDI.

 Please click the “Link” below for more information.

   Link (Exemption from the prior-notification requirement)(PDF:115KB)

»Updated information is available at the press release on April 24, 2020

   Link (FAQs)(added on October 31, 2019)(PDF:79KB)