Setting up a company in South Korea is a relatively straightforward process, but it involves several legal, tax, and banking steps—especially for foreign investors. This guide outlines the key procedures, timelines, and considerations for establishing a company in Korea in 2026. 1. Choose the Business Structure Foreign investors typically choose between: 1) Subsidiary (Foreign-Invested Company) Most common structure Separate legal entity in Korea Eligible for FDI (Foreign Dir

When foreign companies first explore entry into Korea, one of the most efficient and low-risk structures to consider is a Liaison Office (연락사무소).

Hello from Samdo Accounting Firm’s Foreign Corporate Division! The tax system for foreign corporations differs from that of domestic...

Hello from Samdo Accounting Firm’s Foreign Corporate Division! Closing a foreign corporation’s branch in Korea involves several steps....

Hello from Samdo Accounting Firm’s Foreign Corporate Division! When branch office of foreign corporations file corporate tax returns,...

When establishing a business in Korea, it is important to choose the most appropriate registration vehicle. The three most common types...

Here's some brief explanation of Retirement Pension Plan System v.s Retirement Pay System in Korea. Employee Retirement Benefit Security...

Corporate income tax (CIT) CIT is imposed on the taxable income of domestic corporations, foreign corporations and other entities treated...