There are several ways through which a foreigner can obtain citizenship in Korea. However, naturalization, also known as general naturalization, is the most common pathway. Having a Korean passport also comes with numerous advantages, among which visa-free access to various countries. If you have decided to move here, you can…
Foreign companies seeking to test the Korean market can set up liaison offices for this purpose. Also known as a representative office, this is a non-corporate form suitable for specific activities with limited character only. Below, our company formation officers in South Korea explain the procedure to create a liaison…
Opening a company 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…
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 a 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…
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…
