Republic of Korea
TKEG Expat ™ (US) Business Guide

Republic of Korea

Corporate Services in South Korea

Infrastructure and Innovation

South Korea possesses enviable innovative physical and digital infrastructure, with highly developed facilities such as broadband and telecommunications connectivity, railways, roads, airports, and ports.

Consumer Trends

South Korea is a huge market for technology products and services, making it an unparalleled market for companies investing in this field.

New Policies in South Korea:

South Korea has committed significant public investment to its Korean New Deal strategy, targeting renewable energy, smart healthcare, artificial intelligence, and digital infrastructure. The initiative aims to accelerate economic transformation and create new growth engines through innovation-driven industries and green technology development.

Foreign Direct Investment Incentives

Foreign enterprises investing in high-tech sectors can enjoy special benefits and tax exemptions, including property taxes, acquisition taxes, tariffs, value-added taxes, and corporate income taxes. Other incentives include cash subsidies, free trade zone benefits, land rent subsidies, and reduced startup costs.

Tax Info

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Administrative Regions

11 - Seoul
26 - Busan
27 - Daegu
28 - Incheon
29 - Gwangju
30 - Daejeon
31 - Ulsan
41 - Gyeonggi Province
42 - Gangwon Province
43 - North Chungcheong Province
44 - South Chungcheong Province
45 - North Jeolla Province
46 - South Jeolla Province
47 - North Gyeongsang Province
48 - South Gyeongsang Province
49 - Jeju
50 - Sejong City

Belonging Jurisdiction

Republic of Korea

KR - South Korea

Republic of Korea
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