What Can an Overseas Parent Do When the Other Parent Takes a Child to Korea?
When one parent takes a child to Korea without the other parent’s consent, the parent remaining overseas may feel an overwhelming sense of helplessness due to the physical…
Joowon Law · Insights
Insights & updates
Clear notes for companies entering Korea and overseas Koreans managing matters here. Read the context, then decide the next move.
Practical guidance, in plain English
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Is There a Minimum Capital Requirement for Establishing a Korean Subsidiary?
One of the first issues a foreign parent company typically reviews when establishing a subsidiary in Korea is whether Korean law imposes a statutory minimum capital requirement. In…
Branch vs. Subsidiary in Korea
One of the first major tax and legal decisions a foreign company must make when entering the Korean market is whether to establish a branch or a subsidiary.…
Appointment of a Foreign Representative Director in Korea — Required Documents and Registration Procedures
As global companies increasingly establish Korean subsidiaries and Korean startups attract greater levels of foreign investment, it has become increasingly common for foreign nationals to be appointed as…
Why Trademark Clearance Should Come Before Entering the Korean Market
One of the most common mistakes global companies make when entering the Korean market is focusing on business preparation—such as signing leases for retail locations, launching marketing campaigns,…
Key Korean Labor Law Issues for Foreign Companies
When a global company establishes a subsidiary or branch in Korea and begins hiring local employees, one of the first major regulatory challenges it encounters is Korean labor…
Transfer Pricing and Permanent Establishment Risks for Foreign Subsidiaries in Korea
When a foreign company establishes and operates a subsidiary in Korea, two of the most significant tax risks—both of which can lead to substantial tax assessments—are transfer pricing…
Opening Corporate Bank Accounts and Foreign Exchange Reporting for Foreign-Invested Companies in Korea
The parent company has already remitted a substantial amount of investment capital, and the Korean entity has completed its corporate registration. Just when it seems that business operations…
Corporate Registration License Tax in Korea
When incorporating a company in Korea, the amount of registration license tax payable upon corporate registration can differ by as much as threefold depending on whether the company’s…
Articles of Incorporation for Foreign-Invested Companies in Korea
When establishing a Korean subsidiary, foreign-invested companies often use standard-form Articles of Incorporation provided by incorporation service providers without conducting a separate legal review. By focusing primarily on…