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There are four ways for foreign nationals to engage in business activities in Korea: (1) establishing a local corporation; (2) opening a private business; (3) opening a branch; and (4) opening a liaison office. The first two types are mainly governed by the Foreign Investment Promotion Act, and the other two are regulated by the Foreign Exchange Transactions Act. Among the four types of business entities, a liaison office shall not engage in business activities that generate profit in Korea.
At Daeyoung, we advise and help you to establish an ideal entity underpinning your interest and purpose. |
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