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

The South Korean regulatory landscape is known for its strict guidelines and no tolerance for compliance lapses. Still, many foreign companies believe that going by global or Western norms of  compliance is enough to operate in the nation. This belief can lead to a range of mistakes, resulting in heavy fines, business  interruption, and loss of reputation. This blog delves into the most common and critical corporate compliance mistakes in South Korea that international compan

Opening a new business in South Korea can open a window to quite dynamic market.  The country has a vibrant economy, the most advanced technology, and a strong governmental policy on innovation, which makes it an attractive business destination to international entrepreneurs.  However, the most important aspect of a successful and compliant launch is going through the painstaking legal and regulatory system of the country. This guide will walk you through the legal necessitie

Limited Liability Company or LLC is one of the most popular business structures in South Korea . An LLC has the characteristics of both a...

The end of the fiscal year is often a critical time to review the books of your company. However, the third quarter, or Q3, spanning July...

For foreign investors or business partners seeking to collaborate with a Korean company, it is crucial to verify that the entity is...

South Korea is an economic powerhouse known for its cutting-edge technology, global conglomerates, and thriving startup culture. With its...

Understanding the corporate tax landscape in South Korea is quite important for businesses operating in or entering this dynamic market....

Running a small business in South Korea presents both opportunities and challenges, with business corporation tax being a critical area...

Starting a business is an exciting journey, especially in a vibrant market like South Korea. Whether you’re launching a small startup in...

Many businesses are likely to overlook the tax implications while choosing their business structure.  How you choose your business setup...

A Business Registration Certificate in Korea, also known as a Certificate of Business Registration, is an official document issued by...