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ASIA
SOUTH KOREA

SOUTH KOREA

Country Information

Capital City: Seoul

Official Language (s): Korean

Language Mandated for Filings: Korean

Currency: South Korean Won (KR₩)

Corporate Tax Rate: 24%

Foreign Exchange Controls: Korea permits free receipt of foreign exchange and unregulated payments to foreign companies for non-capital transactions. 

Market Info

Corporate Regulatory Authority

South Korea Financial Supervisory Service (FSS)

https://www.fss.or.kr/eng/main/main.do

The Financial Supervisory Service (FSS) in South Korea supervises and inspects financial institutions to ensure compliance with laws and regulations, promote financial stability, and protect consumer rights.

Regulation
Company Set-Up Requirements
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South Korea

1

KRW 10 million

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C,F,T

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