South Korea Liaison Office Formation Insights
Considering the establishment of a Liaison Office in Korea necessitates a thorough understanding of the particular constraints and operations inherent in this business structure. The liaison office, linked with a foreign corporation, functions within specified limitations, abstaining from involvement in profit-generating pursuits. Rather, its primary responsibilities center on non-profit activities, such as conducting market surveys and implementing marketing initiatives, in strict adherence to the regulations outlined in the Foreign Exchange Transactions Act.