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Foreign Investment Ombudsman Brochure

The Foreign Investment Ombudsman system was first introduced on October 26, 1999, under the Foreign Investment Promotion Act, in an aim to resolve grievances of foreign-invested companies operating in Korea.



Foreign Investment Ombudsman is commissioned by the President on the recommendation of the Minister of Trade, Industry and Energy following deliberation by the Foreign Investment Committee. The Foreign Investment Ombudsman also heads the grievance settlement body, which supports the duties of Ombudsman.

Function

Foreign Investment Ombudsman and his grievance resolution body collect and analyze information concerning the problems foreign firms experience, request cooperation from and recommend implementation thereof to relevant administrative agencies, propose new policies to improve the foreign investment promotion system, and carry out other necessary tasks to assist foreign-invested companies in resolving their grievances.

Legal Basis