MIC Investment Application
(Apply to DICA after consulting Korea Desk)
1. Prepare the application documents
- Prepare MIC investment application and draft Land Contract (Land Reservation Agreement or Land Sublease Agreement)
- Seek advice and request information from DICA or KOTRA's Korea Desk Center in DICA.
2. Submit the investment application
- Submit the Investment permit application including draft land contract and EIA (or IEE or EMP, as applicable) to MIC.
3. Review by the DICA (PAT meeting)
- Attend the PAT meeting and give presentation.
4. Review by the MIC (MIC meeting)
- Attend the MIC meeting and give presentation.
5. Obtaining results
- Receive the decision of MIC. If accepted, pick up the MIC Permit.
- Prior to the execution of the Land Sublease Agreement, if the applicant fails to obtain or maintain MIC approval and other government approvals necessary or required for the applicant to carry out its business in the project site or the applicant receives an official letter from MIC or other government authorities to that effect, the Reservation Fee, without any interest accrued thereon, will be returned to the applicant.