Currency
South Korean Won (KRW)
Capital
Seoul
Official language
Korean
Salary Cycle
Monthly
Our Guide in South Korea
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Guide to Government and Department Websites for Overseas Companies in South Korea (2025)
This article provides essential information for foreign businesses looking to operate in South Korea in 2025. Below is a list of relevant government and department websites, along with guidance on business registration, tax filing, labor laws, and visa applications.
Key Government Websites
| Department | Website | Description |
|---|---|---|
| Ministry of Trade, Industry and Energy | motie.go.kr | Resources for foreign investment and industry regulations. |
| Korea Tax Office | nts.go.kr | Information on tax registration and filing. |
| Ministry of Employment and Labor | moel.go.kr | Guidelines on labor laws and regulations. |
| Korean Immigration Service | immigration.go.kr | Visa application procedures and immigration policies. |
Business Registration Steps
- Choose a Business Structure: Decide between a branch office, corporation, or partnership.
- Prepare Required Documents: Assemble articles of incorporation, business plans, and identification.
- Register Your Business: Submit documents to the local district court.
Tax Filing Guidance
Foreign companies must comply with South Korean tax laws, including corporate tax and value-added tax (VAT). Below are key points:
- Understand tax residency status.
- Maintain accurate financial records.
- File tax returns annually and pay applicable taxes.
Labor Law Compliance
When hiring local employees, it is crucial to understand Korean labor laws:
- Minimum wage regulations apply.
- Mandatory social insurance contributions must be paid.
- Adhere to working hour regulations and employee rights.
Visa Application Process
Secure the necessary visas for expatriate employees:
- Identify the appropriate visa type (e.g., E-2, D-8).
- Gather required documentation, including contracts and identification.
- Submit applications through the Korean Immigration Service.
Important Considerations
When setting up operations in South Korea, bear in mind:
- Consult with local legal experts to ensure compliance.
- Engage with local business communities for networking.
- Consider utilizing services from SailGlobal for additional operational support.
Disclaimer
The information and opinions provided are for reference only and do not constitute legal, tax, or other professional advice. Sailglobal strives to ensure the accuracy and timeliness of the content; however, due to potential changes in industry standards and legal regulations, Sailglobal cannot guarantee that the information is always fully up-to-date or accurate. Please carefully evaluate before making any decisions. Sailglobal shall not be held liable for any direct or indirect losses arising from the use of this content.Hire easily in South Korea
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