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My friend at the Korean Tax Blog has an excellent post on the minimum capital requirement for setting up a company in Korea.
The post notes that:
Before 2009, Korean law required a minimum capital of 50 million KRW to estabish a corporation. However, since February 2009, there are no longer any restrictions related to mimimum capital in Korean Law.
www.thekoreantaxblog.com
This amendment to Korean Law has made it easier to open a company in Korea. However, to open a foreign-capital invested company and to obtain a visa to work for the company, the amount of capitalization is, typically, between KRW 100 million and KRW 300 million. For more specifics on opening a company in Korea please see: Forming a Korean Company.
If you would like a consultation with an attorney, please Schedule a Call. For more information on Korean Corporate Law please see: Korean Corporate Law & Compliance Archives.
