Step-by-Step Guide to Korea Business Registration for Foreign Investors
A Strong and Resilient Economy
Ranked as the world’s 10th largest economy by GDP, South Korea hosts globally renowned companies like Samsung, Hyundai, and LG. The country’s economic strength is fueled by advanced industries such as semiconductors, electronics, automotive, and biotechnology, all backed by significant R&D investments. With a stable economic environment and a culture of innovation, South Korea offers an ideal setting for business growth. Additionally, its proven ability to navigate global crises, including the 2008 financial downturn and the COVID-19 pandemic, highlights its adaptability and long-term economic resilience.
Steps to Establish a Limited Liability Company (LLC) in Korea
Foreign investors seeking to set up an LLC in South Korea should follow these essential steps:
1. Notify a Foreign Exchange Bank (FEB)
Submit an investment notification and verify your identity at a designated Foreign Exchange Bank branch.
2. Transfer Capital Funds
Remit the required investment capital from abroad or deposit it into a temporary Korean bank account. Obtain a bank certificate confirming the deposit.
3. Register the Company
File incorporation documents with the Korean court, including details of directors, auditors, and shareholders.
4. Complete Tax Registration
Register with the relevant tax authorities to ensure compliance with South Korean tax regulations.
5. Open a Corporate Bank Account
Transfer the deposited capital from the temporary account into the company’s official corporate bank account.
6. Register as a Foreign Direct Investment (FDI) Company
Finalize the FDI registration within 30 days of capital deposit to obtain formal recognition as an FDI company.
Why Invest in South Korea?
With world-class infrastructure, a highly skilled workforce, and business-friendly policies, South Korea stands out as a top investment destination. While company registration involves navigating legal and regulatory requirements, strategic planning can facilitate a smooth process.
At Pearson & Partners Korea, we provide expert assistance for foreign businesses throughout the company registration process in South Korea. Our team ensures compliance, efficiency, and a hassle-free experience.
📩 Need expert guidance? Get in touch with us for tailored business support.
