Korean Publication Market Wide Open to Foreigners

Home > Culture > Features

print dictionary print

Korean Publication Market Wide Open to Foreigners

From the beginning of 1999, foreigners can freely own book and periodical publishing businesses. The Ministry of Economy and Finance (MOFE) plans to confirm details for the opening schedules and put in force this program on January 1,1999.
MOFE originally planned to open not more than 50% of the publishing sector but changed its decision. The government will also totally open markets in alcohol manufacturing and outport cargo transportation. Additionally, foreigners can partly own and operate casinos from May 1, 1999 and livestock rearing and the wholesale meat business from January 2000.
The limit for news service businesses is expanded to 25% and inner port passenger transportations and periodic air transportations will keep their 50% limit.
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now