In 2018, new foreign direct investment pledged to South Korea rose to the highest level ever. South Korea received $26.9 billion worth of FDI commitments in 2018, up 17.2 percent from a year earlier, according to the Ministry of Trade, Industry, and Energy. It was the fourth consecutive year to surpass the $20 billion mark. (The Korea Herald)
Starting a new business in Korea
Korea, for many businesses, is an excellent market to enter. We assist numerous franchisers, tech companies, and basic manufacturing companies on compliance and contentious issues related to their business in Korea. We, also, assist entrepreneurial individuals in establishing and doing business in Korea.
Branch Office
- Considered the same legal entity as the overseas company (Headquarters).
- An overseas manager is appointed as a manager of the branch.
- The conduct of the Branch can be imputed on the Headquarters.
- May engage in profit making in Korea.
Liaison Office
- May not engage in profit-making in Korea.
- Intended for a company to engage in R &D, advertisement, research and explore the entry into the Korean market.
Save time and avoid the hassle
Before you register your business you will have to head to your closest government office. To obtain approval, make registration of your business can individually handle however it cost your time and money for making basic mistakes. Sometimes Korean immigration office requires a specific business requirement during setting up a new business in Korea and the result by handling in a casual manner of setting up a business our wire a money transfer to Korea can cause a reject of D8 investment visa. This is not what you want after a longtime effort and cost for setting up a new business in South Korea.
Work with a professional administrator
An administrator is responsible for setting up a legal business including immigration office matters. The administrator can reduce save your time and avoid any hassle you might face when you will handle the matters by yourself. Especially immigration office matter shall not be handled in a casual manner because it can cause a larger problem and the cost in the future.
