Closing a business entity in South Korea, whether it’s a domestic corporation or a foreign branch office, involves a series of legal and administrative steps. This blog post provides an overview of the corporate dissolution and liquidation process in South Korea, outlining the key steps and requirements. 1. Board Resolution: The first step in […]
Category Archives: Doing Business in Korea
Introduction: Foreign Direct Investment (FDI) plays a pivotal role in fueling South Korea’s economic growth and development. In recent years, the Korean government has actively promoted and facilitated FDI to attract foreign capital and expertise. Whether you are considering investing in South Korea or establishing a business here, understanding the FDI regulations is paramount. This […]
I have been working as a USCPA in Korea for over 15 years, primarily assisting foreign companies looking to start businesses in Korea. After assisting with the establishment of their corporations, I provide advisory services and various compliance services, including tax reporting within Korea. I would like to offer some brief advice on a few […]
Business in Korea | Company types Foreign investments are categorized by type for doing business in Korea. Mostly, foreigners can start Korean business by acquiring new or existing stocks, or by establishing a Korean branch or liaison office in Korea. Governing laws are different for the cases. Foreign Direct Invested (FDI) companies are domestic corporations […]
In South Korea, Foreign Direct Investment (FDI) requires an investment by non-Koreans of at least KRW 100 million. Types of FDI include the acquisition of stocks of domestic companies, long-term loans (minimum of five years) from parent companies outside of South Korea, and investments in non-profit corporations in the fields of science & technology. And […]
It’s the most wonderful time of the year! It is in the spirit of Christmas that we say thank you and best wishes for the holidays. Wishing you joy at Christmas and prosperity in the coming year!! Our working hours during the holiday season: Christmas (December 25th): Closed New Year’s Day (January 1st): […]