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Asia 95+ treaties

Start your company South Korea

Formation, registered office and bookkeeping — ready to operate from day one.

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  1. 1
    Filing
  2. 2
    Banking
  3. 3
    Operational

Why South Korea?

Gaming, K-content and IP heavy studios

Korea exports gaming and K-content globally with mature distribution and rights infrastructure. R&D tax credits return 25 to 30% for SMEs, and IP enforcement through Korean courts is fast and substantive. Strong ecosystem from Naver, Kakao and Nexon partnerships.

R&D credit 25-30%IP enforcementK-content rails

Hardware and deep tech ventures

Samsung, SK Hynix and LG anchor a world class semiconductor and electronics supply chain. Progressive CIT scales 9 to 24% plus 10% local surtax (~26.4% effective at top), with substantial credits for chip and battery R&D under the K-Chips Act.

Semiconductor supplyK-Chips ActProgressive CIT

Founders targeting KOSDAQ listing

KOSDAQ offers a credible mid cap listing venue for Asian tech, with lower thresholds than KOSPI. Jusik Hoesa (JSC) is the standard vehicle for funded companies, with Yuhan Hoesa available as a Korean LLC equivalent. 95 active double tax treaties.

KOSDAQ accessJusik Hoesa95 DTAs

Considerations

If you operate English only without local presence

Korean is mandatory for filings, audits and most banking. Statutory auditor required above KRW 1bn capital. FIPA notification for foreign shareholders and the Virtual Asset User Protection Act 2024 add procedural steps.

Korean language filingsFIPA notificationStatutory auditor

If you want territorial or low tax treatment

Korea taxes worldwide income at ~26.4% effective with limited holding company benefits. No territorial regime, no participation exemption comparable to Singapore or Hong Kong, and VAT 10% applies broadly.

Worldwide taxationNo participation exemptionLocal surtax
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