Company Formation · Asia-Pacific
South Korea
We form companies in South Korea. A visit and a local director are required. We also advise on local payment gateways and banking.
- Entity
- Yuhan Hoesa / Jusik Hoesa
- Visit
- A visit is required to complete the setup
- Timeframe
- Typically 4–10 weeks
- Typical cost
- Formation and office costs are higher than a simple remote company
Country overview
About South Korea
South Korea is a republic on the southern half of the Korean Peninsula. Seoul is the capital and the largest city. About 51 million people live here. It borders North Korea, with coasts on the Yellow Sea and the East Sea. Korean is the official language. The currency is the won (KRW).
South Korea is a large, advanced East Asian economy built on manufacturing, technology and a dense domestic consumer market. Seoul is one of Asia’s principal business cities. English is used in international firms, but company, tax and banking files run in Korean. The legal system is civil law. Formation is an in-person operating exercise, not a remote starter filing.
Brikseka forms companies in South Korea. The usual vehicles are a yuhan hoesa (limited company) or a jusik hoesa (stock company). A visit is required. A local director is required. Office and in-person identification are part of a realistic setup. Timeframes typically run from four to ten weeks.
We then advise on a Korean business bank account and on local payment gateways such as Toss and NHN KCP. Stripe is not available as a standard merchant account on a Korean company; local payment gateways are the usual path. Banks work in person. Approvals are decided by the providers. If your aim is to live in South Korea, company formation is not a residence permit — that is a separate immigration file, which we also advise on.
Company formation
We form a yuhan hoesa or a jusik hoesa. A visit and a local director are required.
Seoul
A large East Asian economy with Seoul as the capital and the won as the currency.
Payments
Stripe is not available as a standard merchant account. Local payment gateways such as Toss and NHN KCP are used, and banks work in person.
Tax setting
Corporate income tax is progressive, published from 10 to 25 percent, plus local income tax. We confirm the live position before you proceed.
How we work
From briefing to a registered company
Briefing
We review your business, the right entity for this country, costs, and whether a visit is likely.
Company formation
Local counsel, notary where required, and the commercial register. We coordinate the documents through to a registered company.
Banking and payments
After the company exists, we prepare applications for a business account and payment gateways.
After incorporation
Statutory records, a named contact, and introductions to accounting so the company can operate.
After the company exists
Payment gateways
- Local payment gateways (Toss, NHN KCP)
- Stripe is not the usual Korean merchant path
Operating stack
Business banking
- Korean banks — in person
Provider lists are indicative. We confirm current availability, government fees, and account-opening requirements during consultation.
Business Tools covers payment gateways, business accounts, email, websites, and related tools after the company exists.
Consultation
Start a confidential conversation
Tell us what you are building or where you need to move. We respond within one business day.