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Government to increase capital of foreign hospitals in FEZs

Published: 2007-05-23 06:57:00
Updated: 2007-05-23 06:57:00
The government said on May 15 that foreign-run hospitals in free economic zones (FEZs) should have more than 5.0 billion won in their paid-in-capital to attract more foreign capital.

The Ministry of Finance and Economy (MOFE) said hospitals to be established by foreign investors will be regarded as profit-seeking entities, so their paid-in-capital should exceed 5.0 billion won.

The nation...

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