[in South Korea]How to start your business in Korea?

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Starting a business in Korea can be a complex process, but there are a few key steps that you can take to get started.

  1. Choose a business structure: Decide on the type of business entity you want to establish, such as a corporation, partnership, or sole proprietorship.

  2. Register your business: Register your business with the relevant government agency, such as the National Tax Service or the Ministry of Justice.

  3. Obtain necessary licenses and permits: Depending on your business type and location, you may need to obtain licenses and permits from various government agencies.

  4. Open a bank account: Open a bank account for your business in order to handle financial transactions.

  5. Hire employees: If you plan to hire employees, you will need to register them with the National Pension Service and the National Health Insurance Service.

  6. Comply with tax laws: Register for taxes and comply with all relevant tax laws and regulations.

  7. Get a legal support: It's always good to have a legal support to make sure you don't miss anything, and to make sure you are following all the laws and regulations properly.


Keep in mind that these are general steps and it can vary depending on the specific circumstances of your business and the industry you operate in. It is always advisable to consult with a professional or an expert to make sure you are following the correct process.


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Head Office 1F, 25, Beobwon-ro 3-gil, Seocho-gu, Seoul, 06595 Republic of Korea

Tel : +82-2-514-0104     Fax : +82-70-4855-0102     E : info@blt.kr

Incheon Office 26F, 165, Convensia-daero (POSCO Tower Building), Yeonsu-gu, Incheon (Stage9 Songdo POSCO Tower)

Tel : +82-32-710-5104     Fax : +82-70-4855-0102     Email : info@blt.kr


ⓒ 2023. BLT Patent & Law Firm All Rights Reserved.