Everything your Korean entity needs to stay compliant

Korea entity setup

For foreign companies opening a subsidiary, branch or liaison office in Korea.

• StructuringEntity type, business activities and industry code, registered address and capital plan.
• Foreign investment filingsForeign Investment Report and the capital remittance that follows it.
• RegistrationsCorporate registration with legal counsel, business registration with the tax office.
• First operating stepsCorporate bank account, social insurance registration and the first payroll.

Read the setup guide →

Outsourced finance function

A finance manager for your Korean entity, without a local hire.

• BookkeepingAccurate books with complete supporting documents and maintained ledgers.
• Tax invoicesTimely issuance and matching of Korean electronic tax invoices.
• Your ERP, your formatAccounting and reporting inside your company's own ERP system.
• Management accountsMonthly, quarterly and annual reporting under K-IFRS or K-GAAP.

Payroll and HR administration

Accurate, on-time payroll that employees, auditors and headquarters can all rely on.

• Monthly payrollSalary calculations, payslips and payroll reporting.
• Statutory deductionsIncome tax and the four social insurance programs, filed and paid on time.
• Year-end tax settlementEmployee year-end settlement and related statements.
• Joiners and leaversSocial insurance registration, severance pay and retirement benefit calculations.

Tax compliance

Every Korean filing, prepared accurately and submitted on time.

• Regular returnsWithholding tax returns, VAT returns and payment statements.
• Corporate income taxAnnual corporate tax return, including tax adjustments.
• International taxTax treaty questions, intercompany fees and foreign exchange regulations.
• Tax audits and appealsSupport during tax audits and in appeals to the tax authorities.

Cash management and corporate secretarial

Day-to-day administration handled through your own accounts.

• PaymentsTax, social insurance and payroll payments from the client's own account.
• Bank reportingRegular reporting on balances and movements to headquarters.
• Board and shareholder minutesDrafted for corporate decisions and registry filings.
• Registry changesChanges to directors, address or capital, coordinated with legal counsel.

Audit support

Arrive at the audit with nothing to explain twice.

• Audit-ready booksClosing, reconciliations and schedules prepared ahead of fieldwork.
• Working with auditorsAnswering requests from your statutory auditors and group auditors.
• Accruals and estimatesAnnual leave and other year-end accruals documented with their basis.
• Group packsReporting packages reconciled to the Korean statutory accounts.

Statutory audits are performed by an independent auditor. Under Korean independence rules, a firm that keeps a company's books cannot also audit that company, so we prepare and support rather than audit our bookkeeping clients.