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Eligibility
Eligibility (Article 3 of the Ministry of Justice Instruction No. 1423)
※ Both corporate and individual eligibility requirements must be met.
Corporate Eligibility Requirements
Traders A company with at least $100,000 in exports or imports in the previous or current year; or the holding company of such a company.
(Trade Business Code required)
  • Import/export records must be at least 6 months old. For example, for applications received in July 2017, records through January 2017 will be accepted.
  • Import/export of services and electronic intangibles will also be recognized.
  • A holding company must be registered in the list of holding companies published by the Korea Fair Trade Commission.
Overseas investors A company with foreign direct investment of $100,000 or more.

Or the holding company of such a company.

Overseas construction companies A company that has obtained an overseas construction business license and has an ongoing overseas construction project as of the date of application.
Foreign-invested companies A foreign-invested company that has invested USD 1 million or more in Korea under the provisions of the Foreign Investment Promotion Act; the overseas parent company of such a foreign-invested company; or a subsidiary, branch office, or affiliate of the parent company established for the parent company’s commercial presence.
Exhibitors A company or entity that has an indoor exhibition space (excluding subsidiary facilities) of at least 10,000㎡ and has held at least 3 international exhibitions recognized by the Union Des Foires Internationals as of the date of application.
Maximum Number of Applicants by Size
Number of employees Maximum applicants
Fewer than 20 2
20 or more – fewer than 50 5
50 or more – fewer than 100 10
100 or more – fewer than 500 20
500 or more – fewer than 1,000 30
Number of employees Maximum applicants
1,000 or more – fewer than 5,000 50
5,000 or more 100
10,000 or more 200
20,000 or more 300
Requirements for Additional Applications
Companies that meet the following requirements may file up to 5 additional applications.
(Traders that have demonstrated export or import records)
Number of employees $1 million – less than $5 million $5 million – less than $10 million $10 million or more
5 or more – fewer than 20 0 1 3
20 or more – fewer than 100 1 3 5
Individual Eligibility Requirements
1. A Korean national holding a Korean passport (Overseas Korean Resident Card not accepted).
2. A person who has visited the participating APEC economies at least 4 times in the past 2 years and is therefore deemed to have a need to travel frequently for business purposes.
3. A person who is not prohibited from leaving the country under Article 4 (Prohibition of Departure) of the Immigration Control Act.
4. An executive of the applicant company or an employee involved in import or export or foreign investment.
5. A person who does not have a criminal record under the Act on the Lapse of Criminal Sentences (the original copy of the Criminal / Investigation Record Check issued "For permission of immigration and stay" must be submitted).