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Doing business in South Korea

Explore the key issues for doing business abroad, from setting up a business in South Korea to understanding the local business environment. Find guides and other resources to support your organisation's global growth.

Key data

Ease of Doing Business in Korea, Rep.
Summary of comprehensive annual data collated by the World Bank giving key indicators for business and economic conditions. Includes information on typical business procedures, showing time to complete and associated costs for each step.

Guides

South Korea Company Registration
Comprehensive guide produced by Healy Consultants explaining company structures and business entity types, fees and timelines for incorporation, accounting and tax in this jurisdiction and comparisons with other countries in the region.

Overseas Business Risk - South Korea
Report from the Foreign & Commonwealth Office looking at potential risks for UK businesses operating in this country. It includes economic and political risks, human rights issues, bribery and corruption, terrorism, intellectual property and organised crime.

Doing Business in Korea
Guide prepared by a local firm within the UHY network which provides an overview of the relevant issues to consider when establishing a business in this country. Current at January 2018.

Doing Business in Asia Pacific
Guide prepared by Moore Stephens member firms on doing business with or in this region, covering Korea. It also provides useful information for those living and working in Korea either temporarily or permanently. Published in 2018.

Invest Korea: Doing business
Detailed guidance from Korea's national investment promotion agency giving information on foreign direct investment, labour, taxation, accounting, foreigner land acquisition and other practical topics.

Taxation and Investment
Guides and snapshots from Deloitte featuring information on the investment climate, labour relations and work force, business regulations, foreign investment, choice of business entity and corporate taxation. Published in 2017.

Doing Business in South Korea
A guide from PKF International which provides an overview of the country, types of business entities, accounting, taxation and other useful information.

Exporting

On our Exporting to South Korea page you can find export guides, trade forecasts and economic and political updates.

Corporate governance

European Corporate Governance Institute
The European Corporate Governance Institute (ECGI) aims to provide 'a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice'. The ECGI website also provides a directory of national Corporate Governance Codes, Principles & Recommendations.

Law and regulation

Intellectual property rights in the Republic of Korea
Intellectual Property Office, August 2015
Guide produced by the UK IPO on how to protect and enforce your IP when trading with the Republic of Korea. It covers IP rights; laws, treaties and reciprocal agreements; protecting your trademark; copyright; protecting inventions; protecting designs; trade secrets and non-disclosure agreements; and IP enforcement and dispute resolution.

Doing Business law library
World Bank
Collection of business laws and regulations from economies around the world, linking to official government sources. Topics include company law, labour, tax and trade.

Doing business in… Country Q&A tool
Useful tool from Practical Law that allows users to compare summaries of key legal issues across several jurisdictions, including this country. Summaries cover:

  • the legal system
  • foreign investment
  • business vehicles
  • employment
  • tax
  • competition
  • intellectual property
  • marketing agreements
  • e-commerce
  • data protection
  • product liability.

Intellectual property rights in the Republic of Korea
Guidance from the Intellectual Property Office on protecting and enforcing IP rights when trading in South Korea.

Forums and support networks

British Chamber of Commerce in Korea
A support network for promoting business and trade between Britain and Korea. The Info Plaza provides information on doing business in Korea, foreign investment, accounting and auditing, taxation, banking and finance, labour and forms of business enterprise. Information can be downloaded in PDF format. There is also a section for foreigners thinking of living in Korea.

Embassies and consulates

Articles and books in the Library collection

Selected books

The Business Operations in... series from Bloomberg BNA provides expert guidance on the tax aspects of expanding and operating businesses abroad.

Business Operations in Korea
Analysis of the business environment in South Korea, focusing on: the economy and government, operating a business, forms of doing business, principal taxes and taxation of domestic corporations.

Find more resources

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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