South Korea has launched the Startup Korea Special Visa (D-8-4S), introducing a new pathway for international entrepreneurs to establish startups in the country.
The scheme, rolled out in November 2024, shifts emphasis away from academic credentials and residency requirements, focusing instead on innovation and business feasibility.
Unlike the existing Technology and Business Startup Visa (D-8-4), the Special Visa is evaluated on the strength of a founder’s business plan, the capability of their team, and the potential fit within the Korean market.
Applicants who pass the review process receive a recommendation letter from the Ministry of SMEs and Startups (MSS), which serves as the basis for applying at immigration offices or overseas embassies.
The application process begins with an online submission of a business plan and supporting documents. Eligible applicants are shortlisted for a pitch presentation, after which successful candidates receive a recommendation letter valid for six months.
During this period, they must incorporate their company in Korea, according to Korea Tech Desk.
Applications can be made from abroad, allowing entrepreneurs to secure their visa before relocation.
In August 2025, the programme was expanded to decentralise access.
From September onwards, local governments and accredited accelerators, in addition to the MSS, are authorised to issue recommendation letters.
Dedicated managers have also been introduced to connect foreign founders with investors and corporate partners.
A foreign founders’ community and a Global Venture Forum are currently being developed to support integration into Korea’s startup ecosystem.
The initiative aims to broaden access for early-stage innovators while aligning with strategic national priorities in areas such as AI, semiconductors, medtech, renewable energy, and cybersecurity.
While lowering entry barriers, the programme maintains rigorous standards, with immigration authorities retaining final approval and monthly rolling reviews determining selection.
By creating a merit-based route into the startup ecosystem, the Startup Korea Special Visa forms part of South Korea’s broader ambition to attract global talent and encourage the development of internationally competitive startups.
International founders can apply for the Startup Korea Special Visa (D-8-4S) through the official K-Startup Portal.
Featured image credit: Edited by Fintech News Hong Kong, based on image by Daniel Bernard via Unsplash
