(1) If possible, please prepare the second Co. name except the preferred name.
     (It's impossible to register the same purpose& the same name)
(2) Please inform new Co. name 5 days in prior due to checking the name in the MOJ.

(1) As a rule, 1 (one) location is 1 (one) business entity.
      Exceptionally if the present entity and owner are approved, it's possible.
(2) If rented officetel & etc, except a few business type it's not approved multiple business entities in the same location.

(1) If want to set up the business entity in Korea, in advance you have to get the approval of foreign
      investment from foreign exchange bank. Generally it takes 1 ~ 2 days to review and issue.
(2) Preparation Documents in local have to prepare the foreign investment report 2 sheets and information use consent,
      in the home country you have to prepare the certificate of nationality as a foreign investor( CR or BR, etc.) and
      Power of Attorney (Notarized in Home) which have to contain the cause " xx Co or I assign the legal power for
      the set up of company, opening of bank account and the related works and then courier to Korea.

(1) During the approval of foreign investment report, the investor have to get the approval from Home country
      and prepare the remittance to Korea.
(2) The approved fund can be received from bank transfer and hand-carry which needs to report for investment to Korean Customs Service.
(3) When remitted, you have to use the same name ( Sender = Beneficiary = Foreign Investor's name)
(4) When you fill out the purpose of fund in bank :" Investment Fund to establish ABC Korea Co., Ltd.".

(1) In general, it's required the incorporator and needs more than 1 person.
      If the paid-in capital is less than KRW 1 billion, it's possible to incorporate only 1 (one) director.
      If PIT is over 1 Billion, 3 directors and 1 auditor.

(1) Please fill out the purpose of your business which will be listed the commercial registration and the same
      as the Article of Incorporation. The purpose can be filled out your current business and future business line.
(2) It's possible to change in the future (as per the resolution of shareholder's meeting)

(1) The required documents are different Rep. Director, Director and Auditor : Alien or Korean : Entry to Korea or not.
(2) Shareholder : the required documents are different from Alien or Foreign Entity / Entry to Korea or not.
(3) In case of Japan and Taiwan, have to prepare the commercial registration, personal Seal and ID Card.
       the same as Korean.
      => Notarization date for a foreign company (D-day):
      If investment transfering is confirmed and needed documents (notarizaiotn Apostille documents etc) are prepared,
      make a date for a establishing foreign company notarization.
      Meet judicial scrivener who will proceed notarizaiton at the company or other places with prepared documents
      (notarization apostille documents, passport, identification card etc, If board member is Korean seal certificate, seal stamp is needed).

(1) If finished the commercial registration(MOJ), company have to apply the Business Registration No. to NTS.
(2) Company have to change the CR name of rental or lease agreement from personal name or provisional Co. name.
(3) If the business types are required the relevant permission, license or registration from Korean government,
      please proceed it in advance. If you do not get it, it's possible to attach the application form.
(4) In principle BR No. will be issued 3 ~5 days after the application.
(5) If you get the BR No. from NTS, you can start & operate the own business.