2024 Korea Branch Office Establishment: A Guide for Foreign Businesses
Many international investors prefer entering the Korean market by establishing a local company, but foreign corporations also expand their business presence in Korea through the establishment of a local branch. Even though the domestic branch is not formally categorized as foreign investment, multinational companies and foreign entrepreneurs choose this route to explore business opportunities in Korea and the broader Northeast Asia region. The following presents a formal overview of the steps involved in initiating a branch in Korea.