Do business in South Korea
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Benefits
Why choose Commenda for your expansion in South Korea
Choose the right South Korea entity for your business
In South Korea, we support formation of the Chusik Hoesa (Joint Stock Company), best-suited for foreign-invested enterprises and full-scale corporate operations.
Take the complexity out of Korean compliance
Our team handles registration, ongoing bookkeeping, VAT, reporting, and liaison with authorities.
Stay compliant, automatically
We guide you through South Korea’s corporate governance rules, reporting obligations, and workforce regulations so you can focus on scaling.
Entity Types
Choose the right business structure for your company
Chusik Hoesa (주식회사)
- Limited liability: shareholders’ liability is limited to their capital contribution.
- Ability to issue shares publicly: only the Chusik Hoesa can be listed on a public exchange in South Korea.
- Suitable for foreign investors: no mandatory minimum paid-in capital (though sufficient capital relative to business is expected).
- Governance requirements: unless small scale, at least three directors plus auditor may be required.
- Documents in Korean: incorporation documents must be prepared and submitted in Korean; foreign documents often need notarisation/apostille.
- Registered office in South Korea: you must have a local office address.
Got questions? Schedule a call with one of our experts
Frequently Asked Questions
Can foreigners register a company in South Korea?
Yes, foreigners (individuals or corporations) can form a Chusik Hoesa in South Korea. If your capital is above certain thresholds (e.g., FDI conditions), you may also need to submit investment reports or declarations.
What’s the minimum capital requirement for a Chusik Hoesa?
There is no fixed mandatory minimum paid-in capital for a Chusik Hoesa. However, practitioners recommend an appropriate capital relative to business scale and comply with foreign-investment rules.
How long does incorporation take?
With all documents in place, incorporation of a Chusik Hoesa can be completed in a matter of business days (some sources say around 3–5 business days for registration).
Is VAT registration mandatory?
Yes, once your company is incorporated and operating, you must register with the tax authority for corporate tax, value-added tax (if applicable), and employer obligations.
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