Doing business in Korea 2023

Korea is a prominent country globally, known for its strong presence in industries such as automotive, semiconductors, and shipbuilding.

it holds the 10th position in terms of GDP in the world for 2022 and ranks 6th in terms of trade volume. The ease of doing business in Korea is also recognized, as it holds the 5th position in the World Bank's ease of doing business ranking.

However, it is crucial for investors interested in doing business in Korea to carefully consider various factors such as legal, tax, accounting, and human resources requirements. This guide aims to provide assistance to investors by addressing important questions they may have. While it may not cover all topics exhaustively, it serves as a starting point and advises seeking professional advice for specific issues and compliance with relevant laws and regulations.

Mazars in Korea specializes in providing audit, accounting, and advisory

services across different markets and sectors. They offer support to companies operating in Korea, and this guide is intended to aid businesses in their endeavors in the Korean market.

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Doing business in Korea 2023