[Deals & Cases] Establish a company in Korea for a leading insure-tech group

Chaeum has successfully advised a Hong Kong-based leading device protection and insurance technology group for setting up its business in Korea.  The company has been incorporated as a foreign direct investment (FDI) in Korea, and Chaeum has provided one-stop full legal services thereof  including (i) dealing and liaising with HSBC Seoul office, a foreign exchange bank, for notification of investment, remittance of investment capital and opening a bank account; (ii) preparing and filing documents for incorporation of a company before the local court; (iii) obtaining a business registration from a local taxation office; and (iv) obtaining a FDI certificate.

With Chaeum’s corporate secretarial services which are provided on a continual basis after incorporation of business in Korea, the client is currently expanding its business in Korea by successfully launching its device protection services.

When a foreign investor sets up its business for the first time in Korea, it is critical that the investor is advised by fully qualified legal representatives with due expertise and experiences. Should you consider expanding your business in Korea, please contact us at hjk@chlaw.co.kr.