Establishing an Entity
The Korean government would like to welcome you to the country if you would like to become an investor/businessperson here. All you have...
Want to Save the VAT? Drive a Right Car
If you run a business in Korea, then you already know that the 25th of April marks the due date for your Q1 VAT payment. What many of you...
Interim Tax Returns
Some of my clients recently enquired about the interim payment of corporate income tax, global income tax, and VAT. I’d like to explain...
Copycat
Copycat, or Mosquito~ Once, I heard about a bad principal. This principal betrayed an importer by terminating a verbal contract without...
Minimum Wage
In January 2014, the minimum wage was raised from W4,869 to W5,210 per hour. In 2015, it became 5,580 and, as I write this in 2016, the...
Share Transfers in Korea
I have worked on a lot of cases regarding the Shareholders’ List for corporations (주식회사) and for limited liability companies (유한회사). This...