2024 South Korea Branch Office: Legal Compliance, and Business Growth
If you are exploring options for expanding your business in Korea, choosing to establish a branch office stands out as a distinctive and strategic decision. Unlike approaches categorized as foreign investments, a branch office operates under the governance of the Foreign Exchange Transaction Act (FETA), which is in contrast to the Foreign Investment Promotion Act (FIPA). Notably, one of these approaches involves setting up a local branch office to undertake general profit-generating business operations on behalf of the main office.