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Subsidiary Incorporation

General Information

Basically, Subsidiary shall be deemed same as the Korean corporation which shall be incorporated under the Korean Commercial Law. Accordingly, every regulations regarding its taxation and employment etc. shall be almost same with those of Korean domestic company. However, specially, prior to the legal incorporation, it shall go through the special procedure of Foreign Direct Investment(FDI) according to the Foreign Investment Inducement Lawwhich is enacted in order to induce the foreign investment.

What means “Foreign Direct Investment(FDI)”?

Basically, Subsidiary shall be deemed same as the Korean corporation which shall be incorporated under the Korean Commercial Law. Accordingly, every regulations regarding its taxation and employment etc. shall be almost same with those of Korean domestic company. However, specially, prior to the legal incorporation, it shall go through the special procedure of Foreign Direct Investment(FDI) according to the Foreign Investment Inducement Lawwhich is enacted in order to induce the foreign investment.

The Minimum amount of Investment shall be

the amount of Korea won 100,000,000(about USD 84,000)or more.

Investment structure shall be

To own the capital ratio of no less than 10% for the purpose or

To appoint/dispatch some board members in order to participate in the management decision as a shareholder of the Korean company

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