For most companies, establishing a presence in Korea is the first and foremost step in kickstarting their Korean business. This may be facilitated in a number of ways, namely incorporating a company or branch office, merger and acquisition, or by establishing a joint venture. Leveraging our extensive experience in assisting foreign companies and entrepreneurs, we facilitate clients’ seamless entry into the Korean market.
Setting up an entity is more complex than it may seem on paper. Far beyond simple paperwork, we communicate closely with clients to understand the nature of their business and provide strategic advice on the appropriate entity type and governance structure tailored to each client — a level of service that simple registration agents cannot match. We draft all necessary corporate documents in both English and Korean and handle the entire incorporation process (including any applicable post-incorporation filings) on behalf of clients from start to finish .
We have substantial experience in representing companies in M&A and Joint Venture deals, and continue to advise foreign corporate clients making their entry into the Korean market in by of acquiring interests in or collaborating with existing Korean companies. Our expertise spans the entire process — including identifying suitable target or partner companies, deal structuring and negotiations, due dilligence, contract drafting, closing, and post-closing filings — ensuring a successful transition.
Foreign direct investments by way of incorporation or equity investment are subject to reporting requirements under the Foreign Exchange Act or Foreign Investment Promotion Act of Korea. Foreign exchange reporting regulations may also apply to commercial or financial transactions between a foreign investor and a Korean company. In addition, a Korean entity may enjoy certain tax and visa benefits if registered as a foreign-invested enterprise under the Foreign Investment Promotion Act. We advise on and represent clients in all foreign investment related filings to ensure that clients remain compliant with Korea's complex foreign exchange regulations.