South Korea has a good reputation among other countries worldwide when it comes to company
formation. However, there are some basic precautions which must be taken into account when doing
business in this country. For example, government transactions necessary for corporate documents
completion are done in Korean. For this reason one may need a help of a professional who speaks this
language in order to settle business affairs.
Doing business in South Korea
Another requirement is that the joint venture partner, if he or she is a South Korean shareholder
shouldn't be a nominee in order to meet the rules of foreign company incorporation. Because of the
Confucian ethics Koreans respect senior members of any community including business community;
therefore senior business partners are welcomed to be present during important business meetings
when concluding contracts with Korean clients or suppliers.
When incorporating a company in South Korea, such documents as tax return and annual audited
financial statements should be submitted to country's authorities. In order to settle this annual statutory
obligation in an effective manner one may need professional advice of Korean business specialist.
Contact Us
Having any question? In doubt and need clarification. Feel free to contact us through the following and
talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
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