Pearson Korea Blog

South Korea, renowned for its vibrant culture and robust economy, has increasingly emerged as an enticing destination for real estate investments from international individuals and corporations. Nevertheless, successfully navigating South Korea's real estate market necessitates a thorough understanding of the procedures and laws governing such investments. In this comprehensive guide, we will provide an insightful walkthrough of the steps and regulatory frameworks involved in venturing into South Korean real estate.

If you're thinking about expanding your business into the dynamic and economically thriving South Korean market, it's crucial to grasp the process of establishing a company there. South Korea, with its strong economy, technological prowess, and strategic location in Asia, provides an appealing environment for both local and international entrepreneurs.

 

One of the success booster to settle your business in Korea is to have a Korean joint venture designed by an expert right from the beginning of the relationship with your joint venture partner(s). Simply downloading a joint venture contract or an agreement of partnership from the Internet does not help. Go deep into your partner’s mindset and background. Additionally, find out what exactly your partner is looking for.

The South Korean economy has been going through one of the most significant changes since last 60 years. It began as a farming nation during the 1960s and it worked its way up to become the 13th most powerful economy in the world, concerning Gross Domestic Product (GDP) in 2022. What is the story behind this spectacular industrial development?

Setting up a company can be a great way for companies to expand their business into new markets. South Korea is a particularly attractive country for FDI, given its strong economy, highly educated workforce, and strategic location in Asia.

OASIS (Comprehensive Support System for Start-up Immigration) is a program operated by the Global Start-up Immigration Center. Since 2013, it has been a government-supported initiative aimed at promoting domestic start-ups by outstanding overseas foreign entrepreneurs with excellent technological expertise, while also contributing to job creation in the country. Foreigners who meet the conditions specified in the OASIS program can obtain a Start-up Visa (D-8-4), which allows them to reside and engage in business activities in Korea.