South KoreaKey facts
- Region
- Asia
- Corporate tax
- 9–24%
- VAT
- 10%
- Currency
- KRW
- Time zone
- KST
- Language
- Korean
Key advantages
- 9–24% corporate tax.
- Access to 52m consumers.
- Strong tech infrastructure.
Entity types
| Type | Full name | Tax | VAT | Min. capital | Setup time | Best for |
|---|---|---|---|---|---|---|
| Yuhan Hoesa | Limited liability company | 9–24% | 10% | KRW 100 | 4–6 weeks | SMEs |
| Jusik Hoesa | Joint-stock company | 9–24% | 10% | KRW 100 | 6–8 weeks | Larger structures |
Frequently asked questions
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Company type· South Korea
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