How do I send the Foreign Direct Investment fund to a KEB branch?
An investor can send money by TELEX :
investor's actual name
the receiving bank, which has transactions with the corporate or a proxy
purpose of the fund: "This fund is for the establishment of (company name)."
Beneficiary*
i) the establishment of a new company in Korea : the company name.
ii) capital increase : the name of a company in which you want to invest
iii) transfer of outstanding stocks: transferor or the name of a company in which you want to invest.)
A foreign investor is able to get 'investment fund' without opening an A/C, as long as you know the name of KEB branch and beneficiary.