Permanent Resident (F-5) visa

Permanent Resident (F-5)
RANGE OF ACTIVITIES	There are no restrictions on engaging in the prohibited activities for each visa type, which is defined under the Immigration Control Law.
ELIGIBLE APPLICANTS                                                     󰁾 CONTENTS ELIGIBLE APPLICANTS	You are eligible to apply for the Permanent Resident (F-5) visa if you A. Are an adult under the Korean Civil Law, you have the capacity to financially support yourself or your dependents, you have good manners and basic qualities designated by the Minister of Justice to continuously live in the Republic of Korea, you have a visa under Intra-Company Transferee (D-7) category to Foreign National of Special Ability (E-7) category, or you have lived in the Republic of Korea for at least 5 years on a Resident (F-2) visa B. Are a citizen or a spouse or an underage child of Permanent Resident(F-5) visa holders, and you have lived in the Republic of Korea for at least 2 years, and your father or mother was staying in the Republic of Korea on a permanent resident (F-5) visa when you were born, and you have applied for the visa in the basis of Article 23 of the Immigration Control Act. C. Are a foreign investor who has invested at least US$500,000 in accordance with the Foreign Investment Promotion Act and who has hired at least five Korean citizens. D. Have lived in the Republic of Korea for at least 2 years on an Overseas Korean (F-4) visa, and your qualifications such as your financial ability to support yourself, manner, and basic qualities are recognized by the Minister of Justice, therefore, considered as necessary to continuously live in the Republic of Korea. E. Are an overseas Korean defined in Article 2(2) of the Act on Entry, Exist, and Legal Status of Overseas Koreans, and you meet all the prerequisites for nationality acquisitions as set forth in the Nationality Act F. Have had a Resident (F-2) visa which was issued in accordance with the previous 「presidential decree of the Immigration Control Law」(referring to the presidential decree no. 17579 prior to its amendment on April 18th, 2002). As a person who had stayed on F-2 visa(including those who had received a previous visa that is equivalent to the current F-2) which is set forth in Subparagraph 27 of the Presidential Decree above, you are recognized by the Minister of Justice to have a reason to stay in Korea, given your ability to earn a living, good character, basic quality. G. Are eligible for any of the followings while being acknowledged by the Minister of Justice. 1) You have earned a Ph.D degree from a foreign country, and you are already hired by a Korean company at the time of your application to a permanent resident (F-5) visa. 2) You have earned a Ph.D degree from a University in the Republic of Korea after completing its Ph.D program. H. Have earned a bachelor's degree or a license in a specific field designated by the Minister of Justice, and you have stayed in the Republic of Korea for at least 3 years. Also, you are already hired by a Korean company, receiving a certain amount of income specified by the Minister of Justice, at the time of your application for a Permanent Resident (F-5) visa. I. Have special talents in ScienceㆍBusiness ManagementㆍEducationㆍCultural ArtsㆍSports, and who are recognized by the Minister of Justice. J. Have made a special contribution acknowledged by the Minister of Justice, to the Republic of Korea. K. Are 60 years old or older and receiving pensions worth more than the amount designated by the Minister of Justice. L. Are working as a work and visit(H-2) visa holder and have met all prerequisites for 1) to 3) listed on the Permanent Resident (F-2) category of the Table 27. You are also acknowledged by the Minister of Justice considering the period of employment, employment location, characteristics of the respective industry, a lack of labor supply and employment preferences of Korean citizens. M. Have lived in the Republic of Korea for at least 3 years under the (I) status of the Permanent Resident (F-2) category, and your need to continuously live in the Republic of Korea is acknowledged by the Minister of Justice after considering that you have the good conduct, financial ability to support yourself, and qualities recognized by the Minister of Justice. N. Have continuously invested for at least 5 years after receiving the (J) status under the Permanent Resident (F-2) category, and your need to continuously live in the Republic of Korea is acknowledged by the Minister of Justice after considering that your spouse, children and yourself, have the good conduct, financial ability to support yourself, and qualities recognized by the Minister of Justice O. Have continuously stayed in Korea for at least 3 years on a D-8 Corporate/Foreign Investor visa and have attracted investment capitals worth 300 million won or more from an investor. You also satisfy requirements designated by the Minister of Justice by hiring at least two Korean employees. P. Have invested minimum amounts announced by the Minister of Justice on a condition that you will maintain the investment money for at least next 5 years. You also satisfy other requirements designated by the Minister of Justice (e.g. Character of Good Conduct).
MAXIMUM LENGTH OF STAY	There is no limit.
VISAS ISSUED AT THE DISCRETION OF THE HEAD OF A DIPLOMATIC MISSION 󰁾 CONTENTS	1. An F-5 Permanent Resident visa will be issued to an investor who has invested a high amount of capitals. A. Eligible Applicants (as set forth in Subparagraph 28(3)(C) of the Special Table 1, the presidential decree of the Immigration Act) REQUIRED DOCUMENTS   ① Application for the visa issuance (enclosed form no.17), passport, one standard size photograph, fee ② A copy of the certificate of business registration for foreign investment company ③ Reference Letter ④ A copy of business registration and corporate registry ⑤ Receipts for Earned Income Tax Withholding (issued by a Tax Office) of at least 5 Korean employees or Certificate of Income Amount (issued by a Tax Office) ⑥ Any documents proving that the Korean employees currently hired are permanent employees (e.g. employment contract, permanent employee confirmation certificate) ※ The head of a diplomatic mission may request/omit additional documents if it is deemed necessary to examine the purpose of the entry, genuineness of the invitation, and the qualifications of the inviter and the invitee You are a foreign investor who has invested at least US$500,000 as set forth in the Foreign Investment Promotion Act and who has hired at least 5 Korean citizens.
ELIGIBILITY FOR THE VISA ISSUANCE CONFIRMATION	☞ You are not eligible to apply for a confirmation of visa issuance. - A visa will be issued at a diplomatic mission abroad if you want to change(being accorded) your visa from the permanent residence(F-5) status to the other