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Tag Archive for Korea

What Is Required To Run A Foreign Business In Korea? (Part I In Series)

What Is Required To Run A Foreign Business In Korea?

1. From A Legal Aspect Foreign companies are required to have any one of following legal entities in Korea

A. Set-up Of Foreign Subsidiaries – Wholly Owned Or Joint Venture

(1) The subsidiaries shall be established pursuant to the provision of Foreign Investment Promotion Act and Commercial Code of Korea and the establishment be registered with the court based on separate document, Topic 1-1, and obtaining court registration certificate after registration)

(2) Application for Certificate of Foreign Invested Enterprise proving foreign investment with following documents attached.

a. Application for the Certificate

b. Court registration certificate of Korean subsidiary

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