Starting a business in Korea implies apart from registration having the manpower to operate it. While hiring employees is not difficult, keeping track of their activities, paying their wages and registering annual leaves, as well as other actions associated with their work implies setting up the payroll. Below, our local…
Employee relocation to South Korea is possible through a special category of visa, namely the D permit. The procedure is not complicated, however, it requires attention from both the employer and the workers, as there are certain formalities to complete. Below, our local specialists explain the main procedure related to…
With no less than 8 years ago, Korea decided to simplify its taxation system related to indirect levies with their replacement with the value added tax (VAT) in 1977. Now, in order to sell goods and products here, one is required to apply for VAT registration in South Korea. The…
Foreign citizens who want to immigrate to South Korea can apply for specific visas for short-term stays or residence permits that enable them to live here longer. The decision should be made in accordance with one’s goals and qualifications. No matter the way you decide to migrate to Korea, our lawyers are at your…
We have a mixed team of Korean company formation and accountants in South Korea who can support you in various matters. Living and/or having a company in Korea implies paying taxes here. For this purpose, there are various accounting requirements to comply with. If for Korean citizens things are much simpler, foreigners…
According to the Ministry of Employment and Labor of Korea, in 2017, there were around 26 million working individuals in the country, with an employment rate of around 66.5%. The total unemployment rate of 3.8% which was registered in January 2017 was much lower than that of young individuals, which was…
One of the wealthiest countries in the world, South Korea has attracted more than one million of expats who mostly live in Seoul. If you intend to become one of them, our company formation advisors in Korea present, in this article, a few key aspects related to obtaining the residence permit 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…
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…
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…
