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

Before beginning a business relationship, signing a contract, or investing in a company, it is necessary to know who you are dealing with.  Frauds, counterfeit businesses, and deceptive claims are more prevalent than ever in the modern world. Most individuals have ended up losing money or getting into legal problems due to the fact that they had trusted a company without checking its credentials. That is why a background check of the company is necessary before making an inve

Keeping up with taxes seems an ongoing responsibility that never goes off duty.  Any accountant or business can relate to this as the taxation process involves monthly filing, quarterly reports, and a year-end closing scramble. In fact, it may seem like a 24/7 task, especially in South Korea, where tax duties have distinct, recurring peaks throughout the korean-tax-seasons-your-year-round-compliance-calendaryear.  The fact is that although the tax tasks are year-long, their i

South Korea has established its reputation as one of the top landscapes for business investments on a global scale. If you are looking to...

In South Korea, conducting business with confidence requires ensuring that the entities you engage with are legitimate and compliant with...

Naunderstanding-business-closurse-in-koreavigating the process of business closure in Korea can be daunting, especially when terms like...

If you’re thinking about opening a business in Korea, one of the first things to focus on is where your business will live – your office...