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Company FormationAsia Pacific
South Korea
Wholly foreign-owned enterprise (WFOE) incorporation in Korea — requirements, investor documentation, incorporation costs, and post-incorporation compliance.
Quote on request
Package total — government fees and Mirr Asia service fees included where mandatory.
Pricing for this jurisdiction depends on your specific requirements. Talk to an expert for a tailored quote.
Key facts
| Corporate tax rate | 9%–24% progressive (indicative — verify with Korea NTS) |
| VAT / GST | 10% (indicative — verify) |
| Minimum directors | 1 (Representative Director) |
| Minimum shareholders | 1 |
| Minimum capital | KRW 10,000,000 (≈ USD 7,100) |
| Incorporation time | Typically 4-6 weeks |
| Foreign ownership | 100% permitted (WFOE) |
| Currency | KRW |
Indicative pricing based on standard requirements. Final cost depends on FX rates, payment method and case-specific services — confirm with Mirr Asia before paying.