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Tag Archive for Kook-Hee Lee

Company Formation In Korea (Part II In Series)

Set Up Business In Korea

 Company Formation Procedures In South Korea

Korean Commercial Code  regulates  kind of companies as follows:

  1. Stock company
  2. Partnership company
  3. Limited partnership company
  4. Limited liability company
  5. Limited company
  6. 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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