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Korean Company Types

In Korea, there are two main types of companies: a limited company (유한회사) and a joint stock company (주식회사).

• Co., Ltd. (유한회사)：
• Similar to a domestic limited liability company.
• Mainly applicable to small and medium-sized enterprises in South Korea.
• Securities shares cannot be issued.
• The legal representative and shareholder can be the same person.
• Co., Ltd. (주식회사)：
• Suitable for medium and large enterprises.
• Securities stocks can be issued, and they can also be transferred and mortgaged.
• At least 2 people are required to register, and a supervisor is also required.
• Shareholders, representative directors and directors can all hold shares, but supervisors do not hold shares.

Documents required for company registration in Korea

1. Company Name (3 options)：

• The company name must be in Korean, and English can also be used, but only the Korean company name will be marked on the business license.

Registered capital：

• The registered capital of foreign investors is 100 million won, equivalent to about 540,000 yuan.
• The registered capital must be paid in full at one time.

Shareholder and Director Information：

• Shareholders can be legal persons or natural persons, including representative directors.
• To establish a company, you need at least 1 director and 1 supervisor, a total of 2 people.
• Both mainland citizens and overseas persons can take up the post, but mainland citizens must hold a valid ID card and passport.
• The shareholding ratio of each position and shareholder must be determined before registration.