South Korea Golden Visa Program

South Korea is one of the most desirable destinations in Asia and worldwide and is a highly sought-after location for investors. For those who wish to reside in this attractive, future-focused country, the South Korea Residence by Investment Program is the most efficient way to acquire such status. The South Korean government has allowed for a substantial number of visas for individuals who wish to make an investment into the country that would boost the economy through foreign direct investment. Under this program, individuals can become residents of South Korea within less than a month and permanent residents after five years.

Benefits of the South Korea Golden Visa Program
Economically stable, with a successful job market
Universal healthcare and mandatory education for residents
Highly industrialized, high-tech, service-based economy — perfect for investment
A vibrant capital city and glorious landscapes across the nation
Permanent residence possible after a five-year residence period
Excellent schools, with tuition available in English
Residence of a member state of the United Nations, the G-20, the Association of Southeast Asian Nations Regional Forum, and the World Trade Organization.

REQUIREMENTS/INVESTMENT OPTIONS FOR SOUTH KOREA GOLDEN VISA PROGRAM

Applicants 55 years and older are required to make a minimum bank deposit of KRW 300 million (approximately USD 300,000). The applicant needs to have assets worth at least KRW 300 million (approximately USD 300,000).
Applicants under 55 years old are required to make a minimum bank deposit of KRW 500 million (approximately USD 500,000).
Applicants of any age can make a minimum bank deposit of KRW 1.5 billion (approximately USD 1.5 million) to receive a permanent residence (F-5) permit immediately upon payment

TIME FRAME/PROCEDURES FOR SOUTH KOREA GOLDEN VISA PROGRAM
Applications to the program must be made through the prescribed forms and must be accompanied by the appropriate fees and supporting documents. Residence permits are usually issued after a 20-day consideration period. They have an initial validity duration of one–three years and are renewable thereafter for the same period as the initial validity, provided that a minimum investment in South Korea is maintained by the applicant. Successful applicants will be required to enter the country at least once a year during the five-year period of holding F-2 residence status.

Open a bank account in the country and deposit the minimum investment of KRW 300 million (approximately USD 300,000), or KRW 500 million (approximately USD 500,000) for applicants under 55 years.
Receive F-2 resident status immediately upon making the investment. (To receive F-5 permanent residence immediately, applicants invest KRW 1.5 billion (approximately USD 1.5 million)).
Receive permanent residence (F-5) after maintaining the required investment for five years.
All permanent residents are eligible to apply for citizenship, provided that all necessary requirements are met.

In addition, South Korea does not allow dual citizenship.