Brief description of Koean competition laws

Views : 26 views

In Korea, unfair trade practices and anti-competitive behavior of enterprises are regulated under Monopoly Regulation and Fair Trade Act (“MRFTA”), which was enacted on December 31, 1980 and which have underwent several revisions since its enactment. Article 1 of MRFTA sets forth the purpose of the Act as preventing the abuse of market dominance and …

Scope of activities allowed for a liasion office

Views : 66 views

One question that is frequently asked by foreign companies intending to build business presence in Korea is the scope of activities that a liaison office could undertake and the legal requirements for setting up such an office. Obviously, as the term “liaison office” denotes, a liaison office cannot be involved in any revenue generating activities …

social insurance system in Korea outlined

Views : 60 views

One of the questions we are frequently asked from a foreign company establishing a branch or corporate subsidiary in Korea is the level of social insurance contribution which such branch or subsidiary is require to make.  So, we briefly introduce below the social insurance systems of Korea.   Korea has four social insurance components, which …

Visa Service

Views : 49 views

We offer services for obtaining the following work visas in conjunction with our services for establishing a company or a branch office.   Intra-Company Transfer (D-7)   Those who have worked for not less than a year for the headquarters, a branch or any other establishment by a public institution, organization or a company of …

Other Services

Views : 45 views

We can offer the following services in connection with your business operations in Korea. Fund Management Service -Maintenance of bank book of a company and seal registered with banks that are necessary for the withdrawal of funds from the bank accounts(control over thecorporate seal and its use is of importance in Korea because, under Korean …

Legal Support Service

Views : 36 views

If you require any legal assistance in connection with doing business in Korea or otherwise have any inquiry on any aspect of Korean law, please send your inquiry to email@doingbizinkorea.com.  We have a network of lawyers (with expertise in such areas as corporate, labor, finance, and intellectual property) and other professionals who can provide any …

Incorporation and Branch Establishment Service

Views : 152 views

We can assist a foreign company or a foreign individual to establish business presence in Korea.   Korean companies today commonly utilize the forms of a joint stock corporation called Chusik Hoesa in Korean or a limited liability company called Yuhan Hoesa in Korean, taking advantage of limited liability associated with those forms.   More …

Corporate Secretarial Service

Views : 35 views

After establishment of a corporation, we can support your business operation by providing the following services.  These services can be useful at initial operational stages when there are few employees working at the corporation.   -Secretarial services such as reviewing documents or mails sent to your Korean office and informing you of any action recommended …

Incorporation procedures outlined

Views : 54 views

Below is a brief account of the procedures and requirements for incorporating a company (“Chushik hoesa” in Korean language) in Korea from a foreign investor’s perspective.   REPORT ON FOREIGN INVESTMENT   Prior to the establishment of the company (the “Company”), the foreign investor which will officially invest foreign capital in the Company must submit …