Company Formation in South Korea
Asia-Pacific
Overview
South Korea is a global powerhouse of innovation, especially in information and communications technology (ICT) and manufacturing R&D. With significant national investment in research and development, it offers a highly competitive and supportive environment for business. The country's pro-innovation culture makes it an attractive destination for foreign direct investment.
Our Process
Step 1: Choose Company Type
Decide on the most suitable legal entity, such as a local corporation or a branch/representative office, based on your business activities and investment goals.
Step 2: Prepare Required Documents
Gather and prepare all necessary documentation, which may vary depending on whether the foreign investor is an individual or a corporate entity.
Step 3: Complete Incorporation Procedures
Undertake the necessary internal procedures for company establishment, such as founders' meetings or completion of company research.
Step 4: Obtain Registration Certificate
Receive the official company registration certificate from the relevant authority, typically issued within two weeks after completing the incorporation process.
Step 5: Bank Account Opening
Facilitate the opening of a corporate bank account with a local or international bank in South Korea.
Key Requirements
- Minimum KRW 100 million investment for a local corporation (foreign-invested enterprise)
- Foreign investor participation with at least 10% voting shares in a local corporation
- Submission of specific documents based on investor type and origin