Seoul: The government announced on Wednesday that it will commence accepting applications for a newly introduced visa category aimed at global startup entrepreneurs this week. This initiative is seen as a strategic move to attract foreign talent with innovative business models to South Korea.According to Yonhap News Agency, the Ministry of SMEs and Startups, in collaboration with the Ministry of Justice, is set to begin accepting applications on Thursday for the Startup Korea Special Visa, officially designated as the D-8-4 (S) visa. This visa will be awarded to foreign nationals who present promising startup business models, providing them with the opportunity to establish their businesses in South Korea.The introduction of this new visa category is aimed at overcoming the limitations and restrictions of the existing D-8-4 startup visa system. A dedicated committee within the SMEs ministry will evaluate applicants based on several criteria including business performance, innovation potential, market entr y possibilities, and contributions to the domestic economy. Successful candidates will be recommended to the Ministry of Justice for the visa approval.Foreign entrepreneurs who receive recommendations can apply for the visa at local immigration offices within South Korea. Those residing outside the country can submit their applications through South Korean embassies, making it accessible for global talents to bring their innovative ideas to the Korean market.
- October 12, 2026
