Pearson Korea Blog

In the ever-evolving realm of global finance, South Korea's fintech industry emerges as a thriving magnet for foreign direct investment (FDI). Recognized for its rapid technological strides and robust economic landscape, South Korea is pioneering a new era in fintech, characterized by innovation and strategic policy frameworks. This piece delves into the ascent of South Korea's fintech sector and its burgeoning influence on FDI, providing insights into its mechanisms and future trajectory.

The Korean Foreign Exchange Transaction Law governs the establishment of branch or liaison offices within the country. Similar to branch offices, liaison offices are considered foreign corporations, but their activities are limited to non-sales functions such as research and development, business development, market analysis, and promotional efforts conducted on behalf of the foreign company. Excluded from taxable criteria, liaison offices are not authorized to engage in profit-generating operations. Their non-income generating activities include research, advertising, publicity, and other public relations functions exclusively for their head office. Korea imposes no taxes on liaison offices, except for obligations related to payroll and value-added tax reporting.

For non-native individuals seeking to launch a business in South Korea, this article offers crucial guidance through the process. South Korea, particularly Seoul, has emerged as a bustling global business hub, offering promising avenues for growth. Motivated by these opportunities, international entrepreneurs bring innovative concepts to Korea, aiming to add value to the local market. However, possessing a robust business plan alone isn't sufficient to commence operations in Korea. Foreigners must acquaint themselves with the nuances of company formation and business practices in the country. The subsequent sections of this article delve into four company types that non-natives can explore when initiating a business venture in South Korea.

For global investors and entrepreneurs interested in South Korea's vibrant agricultural sector, the country's advancements in smart farming offer an attractive opportunity. By leveraging Information and Communication Technology (ICT), South Korea is reshaping traditional agricultural methods. Smart farms are revolutionizing farming practices by overcoming the limitations of time and space in agriculture. These innovative systems, driven by scientific knowledge and advanced big data technology, promise to optimize crop conditions and increase production efficiency while reducing reliance on manual labor.

Establishing a private company in Korea demands a methodical approach to ensure legal compliance and a smooth entry into the corporate landscape. With globalization offering abundant foreign investment opportunities, grasping the intricacies of private company registration becomes paramount. This article aims to elucidate the process intricacies, offering entrepreneurs a comprehensive guide through each step, including foreign investment reporting, investment fund deposition, company registration, and foreign investment company registration.

Foreign entrepreneurs looking to expand their businesses in Korea must thoroughly analyze the country's current consumer trends. Within Korea's dynamic commercial landscape lies the Newtro phenomenon, a fusion of modernity and sentimental value. This article aims to delve deeper into this intriguing cultural movement, offering insights into the opportunities it presents for forward-thinking business ventures.

Venturing into the realm of restaurant ownership in Korea marks the initiation of an exhilarating gastronomic endeavor in a nation renowned for its diverse and expansive food culture. South Korea boasts a vibrant dining scene, with a growing appetite for both traditional Korean cuisine and international flavors. In this guide, we will explore the essential steps and valuable insights to navigate the successful launch of a restaurant in this dynamic culinary landscape. From understanding local palates to obtaining necessary permits, our aim is to provide you with indispensable knowledge to ensure the prosperity of your restaurant venture in Korea.

Amidst the ever-evolving global landscape, South Korea's robotics industry emerges as a beacon of innovation and potential growth. This article delves into a comprehensive analysis of the Korean robotics sector, shedding light on its transformative features and presenting compelling reasons to consider South Korea as a prime investment destination within the dynamic realm of robotics.

For those considering entering the Korean market through company formation, this article delivers essential insights. South Korea has emerged as a prime destination for global business, particularly in Seoul, offering promising growth opportunities.

For foreign tech entrepreneurs aspiring to launch innovative startups in South Korea, the OASIS program stands as a transformative opportunity. Operated by the Global Startup Immigration Center and endorsed by the Minister of Justice and the Minister of Small and Medium Venture Businesses, OASIS offers comprehensive support tailored to fueling success in this dynamic Asian tech hub.