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Articles

Holding Companies in Korea

Holding Companies in Korea

An individual who intends to obtain approval from the local authorities to set up a holding company in Korea or to change an existing legal entity into a holding company has to submit to the Fair Trade Commission an application which contains certain information. In this article, our company formation advisors in Korea explain different aspects…
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Changing Company Types in Korea

Changing Company Types in Korea

If you want to change company types in Korea, the way to do this is by closing up the existing company and setting up a new one under the form that you require. In this article, our company formation agents in Korea present different aspects related to this subject. Most common legal entities…
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Starting an IT Company in Korea

Starting an IT Company in Korea

The surprising development of the Korean information and communication technology (ITC) sector is generating great opportunities for exporters. The global manufacturers in South Korea are actively looking for internationally sourced creative software technologies, since they intend to increase their competitiveness. The country is a top leader in creating a society which is based on…
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How to Close a Company in Korea

How to Close a Company in Korea

In Korea, there are three main bankruptcy proceedings: the composition (according to the Composition Act), the liquidation (according to the Bankruptcy Act) and corporate reorganization (according to the Corporate Reorganization Act). In this article, our company formation advisors in Korea analyze different aspects related to how to close a company in Korea. You can also contact our specialists…
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Taxation in Korea

Taxation in Korea

Foreign companies with a permanent establishment in Korea are subject to a standard corporate income tax on the income which is generated from the country. Foreign companies which do not have a permanent establishment in the country are subject to taxes which range from 2% to 20% on their income deriving from Korean sources. In this article,…
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 Attractive Investment Industries in Korea

 Attractive Investment Industries in Korea

Korea is one of the most dynamic economies in the entire world. The local authorities promoted the import of raw materials and technology and sacrificed the consumer goods, encouraging savings and investment over consumption. In this article, our company formation agents in Korea present a few of the most attractive investment industries in…
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Why Invest in Korea?

Why Invest in Korea?

Since 1980, the per capita income of Korea has increased from USD 2,300 to USD 30,000 in 2010, while the gross domestic revenue increased from USD 88 billion to more than USD 1.46 trillion in the same time frame. This increase looks continuous. As follows, our company formation agents in Korea present…
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Open a Subsidiary in Korea

Open a Subsidiary in Korea

Set up as a local business, a subsidiary in Korea maintains closer relationships with the local business community. It is also able to offer the parent company the chance to benefit from the tax incentives put in place by the local government.  As follows, our company formation advisors in Korea explain how to set up a…
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