Pearson Korea Blog

Becoming a Successful Seller on Coupang

Coupang, often dubbed as the "Amazon of South Korea," has emerged as a powerhouse in the country's e-commerce landscape since its establishment in 2010 by Bom Kim. With a diverse array of products spanning electronics, household items, groceries, and more, coupled with their swift delivery services, Coupang has solidified its position as a dominant player in the market.

Before we dive into the intricacies of this article, it's worth checking out this insightful piece on selling through Coupang's marketplace: How to Sell in Coupang Marketplace.

Read More

South Korea's Dynamic eCommerce Landscape

South Korea is making waves in the global eCommerce arena, ranking among the world's leaders with a staggering $74 billion in revenue in 2019. The growth trajectory is equally impressive, with projections reaching USD 2.80 trillion by 2024 and a forecasted surge to USD 6.82 trillion by 2029, showcasing a promising market landscape.

Read More

Korea Company Formation: Streamlined LLC Process & Key Documents

Considering expanding your business into South Korea? Opting for the Limited Liability Company (LLC) structure offers a promising avenue for market entry. Establishing an LLC streamlines the process, allowing firms to enter Korea without the complexities of setting up a local headquarters. This strategic move empowers businesses to navigate South Korean law intricacies, ensuring compliance and facilitating property development. Notably, LLC registration costs in Korea are intricately linked to authorized share capital, adding complexity to the setup process.

Read More

Unlocking Business Opportunities in South Korea

Embarking on a business venture or incorporating a company in South Korea is within reach for practically anyone, whether you're an individual entrepreneur or a foreign entity. The process of establishing various business entities is contingent upon the nature of operations and compliance with relevant legal frameworks and regulations.

Read More

Exploring FDI Opportunities in Korea

Understanding Foreign Direct Investment (FDI) in Korea is crucial for investors. FDI, starting at KRW 100 million, involves acquiring a 10% stake or contributing 10% of the total investment. It extends to appointing executives for decision-making. From prohibited sectors to utilizing retained earnings, this article explores FDI opportunities concisely.

Read More

How to Establish a Company in Korea for Foreigners?

Unlock the potential of South Korea's thriving economy by establishing your business here. With streamlined processes and a supportive environment, starting a company in South Korea is straightforward. From selecting the ideal legal structure to managing taxes and recruitment, our guide simplifies the process. Join the ranks of successful businesses in South Korea and seize your opportunity for growth and innovation today.

Read More

South Korea Company Formation: Unveiling Business Opportunities in a Dynamic Economy

South Korea's dynamic economy and technological advancements make it an attractive destination for entrepreneurs looking to establish their businesses. Understanding consumer profiles, purchasing power, and behavior is crucial for devising effective market entry strategies. Additionally, gaining insights into business operations, including company types, associated costs, taxation, and labor landscape, is essential for successful registration and operation. This guide explores key factors vital for navigating the complexities of starting and running businesses in South Korea.

Read More

A Guide to Registering Your Company in South Korea

South Korea stands as a beacon of opportunity in the heart of Asia, drawing in foreign investors eager to delve into its dynamic economy. However, for those unfamiliar with its legal landscape, navigating the registration process for setting up a company can be a daunting task.

Read More

Korea FDI: Driving Economic Growth and Investment Opportunities

Over the decades, South Korea has been praised as a notable success story, achieving impressive GDP growth rates averaging around 7 percent since the mid-1960s. Historically, the country heavily relied on foreign borrowing to drive its rapid development. However, the Asian financial crisis of 1997 acted as a wake-up call, leading to criticism of its closed economy and extensive government control over economic activities.

Read More