Guide to business establishment in Korea

Types of Business Entities Established by Foreign Nationals

• Local Corporation
• Private Business
• Branch
• Liaison Office

Procedures for Establishment of a Local Corporation

• Flow Chart
• Foreign Invesment Notification
• Remittance of Foreign Investment Capital
• Incorporation Registration
• Business Registration
• Transfer of Paid-in Capital to a Corporate Account
• Foreign Invested Company Registration

Procedures for Incorporation Registration

• Types of Incorporation
• Procedure for Incorporation
• Incorporation Registration
• Simplification of Business Opening Procedures and Special Provisions for Small
• Business Entities

Incorporation Notification and Business Registration

• When Incorporation notification and business registration are made concurrently
• When business registration is made prior to incorporation notification

Procedure for Private Business Registration

• Flow Chart
• Foreign Investment Notification
• Remittance of Investment Capital
• Business Registration
• Foreign Invested Company Registration

Procedure for Establishing a Branch in Korea

• Flow Chart
• Types of Branches
• Notification of Branch Establishment
• Registration of Branch Establishment
• Branch Closure and Retrieval of Liquidated Funds

Samples of Forms Required for Incorporation and Registration