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Comparaison de visas — Corée du Sud

D-8 vs D-9 Visa — Investor/Founder vs Trade Representative: Which Business Visa Do You Need?

Both D-8 and D-9 are for foreigners conducting business in Korea, but they serve fundamentally different roles. D-8 is for people who have skin in the game — you've invested money into a Korean company you own or manage. D-9 is for people representing an overseas company in Korea without making a direct equity investment.

D-8 vs D-9 — comparaison côte à côte

Core basis

D-8

Equity investment — you are an investor, founder, or director of a Korean company

D-9

Employment — you are employed by an overseas company to manage Korean business

Minimum investment

D-8

D-8-1: ₩100,000,000 (≈USD $75,000). D-8-4 startup: no fixed minimum but must have qualifying startup credentials

D-9

No minimum investment required

Company required in Korea

D-8

Yes — must establish or join a legally incorporated Korean company (주식회사 or 유한회사)

D-9

Not necessarily — can represent an overseas company through a liaison office (연락사무소) or existing relationship

Who pays your salary

D-8

The Korean company (your investment). You may take salary as director/investor.

D-9

The overseas employer pays your salary — you are their representative in Korea

Can you manage employees?

D-8

Yes — as an investor-director you can hire and manage Korean employees

D-9

Yes — as a regional manager or branch head you can manage a local team

Eligible activities

D-8

Investment management, company operation, startup development (D-8-4), venture-business founding (D-8-2)

D-9

Trade negotiations, sales management, business development, liaising between overseas parent and Korean market

Processing complexity

D-8

Higher — requires KOTRA investment registration, company formation, and bank documentation

D-9

Lower — requires employment contract, business relationship evidence, and company docs

Path to PR

D-8

D-8 → E-7 or F-2 → F-5. Business investors (USD $500K+ invested, 5+ Korean employees) qualify for F-5-5. D-8-4 startup founders who maintain ₩300M+ investment and employ 2+ Koreans qualify for F-5-24.

D-9

D-9 → F-2 (via points or 5-year residency) → F-5

Lequel choisir ?

D-8est fait pour vous si…

  • You are investing ₩100M or more of your own capital into establishing or buying a Korean company

  • You want to found a Korean tech startup (D-8-4 route, combined with the OASIS program or ministry endorsement)

  • You are founding or leading a venture-certified business with recognized superior technology (D-8-2), or investing in a Korean-individual-owned business as co-representative (D-8-3)

  • Your long-term goal is building a business in Korea and you have the capital to invest

D-9est fait pour vous si…

  • You are employed by an overseas company to represent them in Korea without making an equity investment

  • You are a regional sales director, trade representative, or business development manager for an overseas entity

  • You want to open a liaison/representative office of your overseas company in Korea

  • You don't have ₩100M in capital to invest but do have trade relationships with Korean companies

Parcours typique :

Many D-9 holders eventually transition to D-8-1 once their Korean business relationships mature and they formally establish a Korean company. Conversely, D-8 holders who shift from active investment to representing the Korean company abroad may find D-9 more appropriate for certain roles. The key question is always: are you investing capital into Korea, or are you employed to manage Korean-related business on behalf of an overseas employer?

Questions fréquentes

Can a startup founder with no capital use D-9 instead of D-8?

No. If you are establishing and running your own Korean company, D-9 is not appropriate — D-9 requires employment by an overseas entity. Founders with limited capital should look at D-8-4 (tech startup visa), which does not require ₩100M but requires qualifying startup credentials such as an approved patent, government incubator enrollment, or OASIS program participation.

Can a D-9 holder hire Korean employees?

Yes, if managing a branch or representative office of the overseas company. However, you are doing so as a representative of the overseas employer, not as an independent Korean entity. If you want to hire aggressively and build a Korean company independently, D-8-1 with a proper Korean incorporation is more appropriate.

Is a liaison office enough for D-9?

Yes. A 연락사무소 (liaison/representative office) — registered with the district tax office and the relevant authorities — is a common business structure for D-9 holders. It does not require full incorporation and has lighter administrative requirements. Note: liaison offices cannot engage in revenue-generating activities in Korea; they are for market research, promotion, and coordination only.

What is the difference between D-8-1 and D-8-2?

D-8-1 is for the standard corporate investor — you have personally invested ₩100M+ into a Korean corporation you manage. D-8-2 is a separate track for the founder or representative of a company certified as a 벤처기업 (venture business) under Korea's Venture Business Promotion Act, recognized for superior technology — it does not require the same ₩100M capital investment as D-8-1.

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