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…
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…
South Korea represents an attractive jurisdiction where foreign entrepreneurs can rapidly and easily set up a business. In this article, our company formation consultants in Korea analyze the share capital in Korea which is necessary for various types of legal entities here. The minimum capital requirement for the most common legal entities in Korea The…
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,…
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…
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…
The popularity of Korea is increasing among foreign citizens who are eager to invest or work in the country and get acquainted with this amazing culture and economy. An important aspect when moving here is to open a bank account in Korea. In this article, our company formation consultants in Korea explain how…
The limited liability company in Korea is chosen by many foreign investors who want to open a business in this country. According to the amended Commercial Code of Korea some of the characteristics of the limited liability companies in Korea have changed in order to make this legal form even more efficient for investment. One…
The purchasing of a shelf company is a decision that many investors take when they want to start a business activity in Korea as fast as possible. The ready-made company in this country gives you the possibility to enter much quicker the local market than if you follow the entire procedure of company registration. Our…
