The Financial Services Commission held a meeting on Mar. 24 to discuss and approve the issuance of Financial Investor Express Card.

The card is issued by the FSC and the Fn Hub Korea of the Financial Supervisory Service under the cooperation of the Ministry of Justice to provide convenience for foreign financial investors' immigration procedures.

As of Mar. 15, thirty-two cards were issued to those who met the requirements, out of thirty-five applicants from twenty-two foreign financial institutions.

As foreign financial investors with the card will be able to use fast-track immigration lanes starting in Apr. 1, immigration procedures for them are expected to become much more convenient.

The card is issued to deputy general managers or higher executives, holding a supervisory intra-company transfer (D-7) visa, or local branches of foreign financial institutions with an operating capital of KRW 7 billion or more. Foreign financial investors who meet the qualifications can apply for the card at any time at the Fn Hub Korea. (www.fnhubkorea.kr Tel: +82-2-3786-7153)

For further inquiries:

Lee, J, Ernst
Foreign Press Spokesperson
Foreign Press & Relations Office
Financial Services Commission

Tel: +82-2-2156-9582
Fax: +82-2-2156-9589
E-mail: happyhero@korea.kr

* Government press release (Mar. 31)