Company Formation Procedures In South Korea
Korean Commercial Code regulates kind of companies as follows:
- Stock company
- Partnership company
- Limited partnership company
- Limited liability company
- Limited company
- Partnership
The shareholders of Stock company are responsible for contribution of subscribed capital, have the right to appoint the company officers and to receive dividend, but not liable to pay the company’s debts to third parties
Accordingly foreign investors also prefer the sock company as their ideal type of Korean subsidiaries, and we are presenting company procedures based on Stock company hereunder.
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