
Domestic BranchThe Procedure There are two types of domestic branches: a branch and a liaison office. A branch undertakes sales activities in Korea to generate profit, whereas a liaison office does not conduct sales activities to create profit but instead carries out non-sales functions such as business contacts, market research and R&D. Liaison offices can carry out quality control, market survey..

Local CorporationThe Procedure The procedure for establishing a local corporation consists of foreign investment notification, registration of incorporation, registration of business foreign-invested company registration. The following provides the details of the important steps of the incorporation registration procedure and business registration procedure. STEP 01 Foreign investment notificati..

FDI (Foreign Direct Investment) Definition of Foreign Direct Investment FDI refers to an investment made in order to forge lasting economic relations with a corporation of the Republic of Korea or a company run by a national of the Republic of Korea Under the Foreign Investment Promotion Act, FDI should meet the following conditions • The amount of investment should be 100 million won or more. • ..