In September 2021, Hwaum Law Office successfully completed the establishment of a Korean branch office for a U.S.-based company.
To establish a Korean branch office for a foreign company, an initial notification must be filed with a designated foreign exchange bank. Because the establishment of a foreign company’s branch office in Korea is subject to registration requirements, the establishment must also be registered with the competent registry office.
In addition, a foreign company intending to conduct business activities in Korea must obtain a business registration from the competent tax office.
These procedures involve complex documentation and can be procedurally demanding. Hwaum Law Office successfully handled the entire process on a one-stop basis, providing efficient and timely assistance from the initial foreign exchange notification through registration and business registration.
With extensive experience in establishing Korean offices and branches for foreign companies, Hwaum Law Office helps international businesses enter the Korean market efficiently, promptly, and in compliance with applicable laws and regulations.
Author: Attorney Jeong Jae-kwon