Latest News for NRIs in South Korea

This page is a dated log of specific regulatory developments already reflected in this platform's guides for South Korea, not a real-time news feed. Each item links to the full guide covering it.

India-Side and South Korea-Side Developments Affecting NRIs

• Lee Jae-myung -- Modi summit and CEPA 2.0 fast-track agreement (20 April 2026)

  South Korean President Lee Jae-myung's state visit produced roughly 25 outcomes, including agreement to fast-track a CEPA upgrade and a target to roughly double bilateral trade by 2030.

  Business for NRIs
• Constitutional Court partially strikes down yuryubun forced-heirship rules (2024)

  South Korea's Constitutional Court struck down parts of the statutory reserve of inheritance as unconstitutional, specifically concerning siblings' reserved share and the lack of a misconduct-disqualification mechanism.

  Inheritance for NRIs
• 12th round of India-South Korea CEPA upgrade talks (late May 2026)

  Negotiators continued working through trade-deficit concerns and digital-trade, supply-chain, and industrial-collaboration sub-groups, with the upgrade not yet concluded.

  Business for NRIs
• FEMA repatriation limit -- USD 1 million per financial year (Standing rule)

  Sale proceeds and other eligible balances in an NRO account can be repatriated abroad up to USD 1 million (or equivalent) per financial year, subject to Form 15CA/15CB certification by the authorized dealer bank.

  Compliance for NRIs