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Registration Procedures
South Korea How To
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Find out how to establish and register a business in South Korea...
Private business registration
Establishing and registering a private business subject to the Foreign Investment Promotion Act requires:
- Foreign investment notification
- Deposit of investment capital (foreign exchange bank)
- Business registration
- Foreign invested company registration
Local corporation registration
Establishing and registering a local corporation subject to the Foreign Investment Promotion Act requires:
- Foreign investment notification
- Investment capital remittance
- Incorporation registration
- Business registration
- Transfer of paid-in capital to corporate account
- Foreign invested company registration
Information on the necessary documents for registration, relevant government agents, and step-by-step procedures is available on the Invest Korea website.
Free Economic Zones
The Korean government has established a number of free economic zones that provide additional incentives and tax benefits to foreigners who are investing or starting a business in South Korea. Generally, South Korea requires the business, or the foreign investor, to be located within the free economic zone in order to receive the benefits.
- For more information on South Korea's Free Economic Zones: Click here
Related Information
- The Invest Korea has comprehensive information on doing business in Korea: Click here
- Gangnam Global Business Centre
At: 2nd Floor COEX World Trade Centre, Samseong-dong, Gangnam-gu, Seoul
Tel: 02 6001 7240
email - Investment Consulting Centre: Provides free of charge consulting services for foreigners wanting to invest in South Korea
At: 2nd Floor IKP building, 300-6 Yeomgok-dong, Seocho-gu, Seoul
Tel: 02 1600 7119
Fax: 02 3497 1611
Information provided by Yun Je Lee, Associate Professor at Ajou University School of Law
Attorney at Law in South Korea/California
ccsnu4@gmail.com