Employee/ Personnel Relocation to South Korea

Employee/ Personnel Relocation to South Korea

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…
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Hire Korean Workforce

Hire Korean Workforce

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…
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Obtaining Residence Permit in Korea

Obtaining Residence Permit in Korea

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.…
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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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