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DOING BUSINESS INSOUTH KOREADOING BUSINESS IN SOUTH KOREAD ocumentation issued in July 2016 by Induk Accounting Corporation, an independent member of PrimeGlobal. The information provided is general information. Your company should check with a professional accountant to ensure that your issue is in line with the general information FORMATION IN SOUTH KOREAMAIN FORMS OF COMPANY/ BUSINESS IN SOUTH KOREAT here are three ways by which foreigners (foreign corporations) can enter korea for BUSINESS purposes: establishing a local corporation, a local branch, or a liaison Corporation The establishment of a local corporation in korea by a foreigner (individual or corporation) is regulated by the Foreign Investment Promotion Act and the Commercial Act. For a local corporation to be recognized as a foreign-invested company under the Foreign Investment Promotion Act, a foreigner must invest not less than 100 million won in the local corporation and acquire not less than 10 percent of the company s stocks with voting corporation established by a foreigner with an investment of not less than 100 million won is also recognized as a foreign investment under the Foreign Investment Promotion and Liaison Company A domestic branch of a foreign company can be classified into a branch and a liaison office

DOING BUSINESS IN SOUTH KOREA Documentation issued in July 2016 by Induk Accounting Corporation, an independent member of PrimeGlobal. The information provided is general information. Your company should check with a professional accountant to ensure that your issue is in line with the general information provided.

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