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Types of Business Formation in South Korea

When setting up a business in Korea, it is important to choose the most appropriate registration vehicle.

The three most common types of corporate registration vehicles are:

Joint Stock Company /
Limited Liability company


JS Company or LLC, established as a local company or a subsidiary company (100% owned by HQ), has a close relationship with the local business community and the opportunity for incentives depending on the type of business based on the Special Tax Treatment Law.

Working with Financial Documents
Business Consultation

Branch Office


A branch office is treated as a separate taxable entity and able to operate as a revenue generating entity. There is no minimum capital requirement at establishment. Tax incentives are not available to branch office. It may include operating funds from head office.

Liaison Office


A liaison office, which is not a legal entity and is deemed as non-income generating entity, can only conduct preliminary or auxiliary activities such as marketing and supporting for its head office. There is no minimum capital requirement at establishment.

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If you would like to get further advice for your business formation,
feel free to contact us.

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