Adjustment of the Investment Registration Certificate (IRC) refers to the procedure carried out at the investment registration authority to record changes in the project or investor information as reflected in the Investment Registration Certificate. According to the 2020 Investment Law, whenever there are changes to the project or investor, companies must perform the adjustment procedures for the Investment Registration Certificate (IRC).

I. Why is Adjustment Necessary?

There are many reasons why an investor may need to adjust the Investment Registration Certificate, including:

• Change in investment scale: Increasing or decreasing charter capital, expanding or narrowing the scope of business operations.
• Change in business lines: Investing in new sectors or discontinuing certain existing activities.
• Change in investment location: Relocating factories, offices, or warehouses.
• Change in company name or legal representative, among others.

II. Cases Requiring Adjustment of the Investment Registration Certificate

The adjustment of the Investment Registration Certificate is necessary in the following cases:

• Change in the name of the investment project.
• Change in investor information or replacement of the investor.
• Change in the location of the investment project or the land area used.
• Change in the objectives or scale of the investment project.
• Change in the project’s capital (including the investor’s contributed capital, i.e., increase or decrease in charter capital, and mobilized capital, i.e., increase or decrease in investment capital).
• Change in the duration of the investment project.

Change in the project implementation progress, including:

• Schedule for capital contribution and mobilization of resources.
• Schedule for achieving primary operational objectives, including phased implementation if applicable.
• Change in incentives, support forms, and applicable conditions (if any).
• Change in conditions applicable to investors implementing the project (if any).

In addition, adjustments to the IRC may necessitate corresponding changes to the Enterprise Registration Certificate. Companies holding a business license must also complete procedures to update it.

III. About Us, Hankuk Law Firm

■ Hankuk Law Firm – Introduction

The goal of the legal services provided by HANKUK LAW FIRM is to support businesses, investors, and people. Our organization employs skilled Korean lawyers, partners, and professionals to provide legal services to businesses related to corporations and litigation.

To support the startup process, our lawyers and staff provide a wide range of services, including business law consulting, tax and immigration law consulting, real estate services, business consulting, marketing and communications, human resources, product distribution, franchise options, etc. We provide expert advice on every aspect of your business needs.

To protect the legitimate rights and interests of our clients and achieve the best results, we provide legal advice and participate in civil lawsuits related to business, labor, marriage, family, and inheritance.

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For reliable and effective legal advice, please contact HANKUK LAW FIRM now. We are committed to providing you with the best possible answers and our team of experienced lawyers has extensive knowledge in many legal fields. We are always here to provide the most competent and dedicated support, whether you are dealing with contractual issues, commercial disputes or need guidance on foreign investment. HANKUK LAW FIRM is honored to have assisted hundreds of domestic and international clients in skillfully resolving complex legal issues as their trusted legal partner. Do not let legal issues hinder your success. Let us accompany you towards legal achievement and comfort. For prompt guidance and support to ensure your rights are always maintained at the highest standards, contact HANKUK LAW FIRM now.

■ Contact Hankuk Law Firm

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