Doing Business
in Korea

While South Korea is highly welcoming to Foreign Direct Investment (FDI), the process of obtaining your official business license—the Business Registration Certificate (사업자등록증, Sa-eop-ja Deung-rok-jeung )—involves a clear, multi-step legal procedure. This guide breaks down the essential steps, required documents, and critical considerations for foreign nationals looking to establish their legal presence and begin commercial operations in Korea. 1. Laying the Foundation: Pre-R

In South Korea, the type of business entity that you choose is one of the most important decisions you’ll make. For foreign investors, this decision must also align with the requirements of the  Foreign Investment Promotion Act (FIPA). This basic decision determines not only your personal liability and tax liability but also how much capital you can raise and how much administrative work you will have.  To entrepreneurs who want to have a presence in this dynamic economy, it