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Corporation
Branch
Office
Operational Scope
No Restriction within
Approved Scope
No Restriction within
Approved Scope
No Commercial Activity
Simple Liaison
Capital
\50m Min
n.a
n.a
Management
Capital-Over \500m
3Directors,1Auditor
Capital-Under \500m
1Director,1Auditor
1Representative
1Representative
Legal Responsibility
Corporation in Korea
Foreign Parent Company
Foreign Parent Company
Independent Operation
Legally Independent
Parent Control
Parent Control
Borrowing
Corporation credit rating, stand-alone
Parent Credit Rating
Parent Credit Rating
Establishment Procedure
Report to Local bank
Tax Office Registration
Court Registry
Report to Local bank Tax Office Registration
Court Registry
Report to Local Bank Tax Office Registration
Legal Reserve
10% of Dividend
n.a
n.a
Accounting
Record/Maintain Books CPA audit-Assets\7bil
Record/Maintain Books
n.a
Corporate Tax
16.5%/Tax Base\100m
29.7%/Tax Base Beyond
16.5%/Tax Base\100m
29.7%/Tax Base Beyond
n.a
Tax Base
All Corporation Earnings
Branch Source Incomes
n.a
Tax Exemption
Various Exemptions
High Tech Business
Small/Medium Firms
n.a
n.a
Dividend Payout
Income Tax 10~16%
n.a
n.a
Value Added Tax
10%(0% on Export)
10%(0% on Export)
n.a