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Establishing a Start-up Business in Korea as a Foreign Entrepreneur

Gerschewski, Stephan (2019) Establishing a Start-up Business in Korea as a Foreign Entrepreneur. In: Froese, Fabian J., ed. Doing Business in Korea. Routledge, Oxon, UK, pp. 188-203. ISBN 978-1-138-54944-9. (doi:10.4324/9781351000475-12) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
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http://dx.doi.org/10.4324/9781351000475-12

Abstract

Korea has emerged as the 15th largest economy in the world, resulting in a large increase in FDI inflows and a flux of new expatriates moving to Korea since the late 1990s. More specifically, the number of foreigners moving to live in Korea has continuously increased from 1 million in 2007 to 2.18 million people in 2016, accounting for almost 4% of the entire Korean population.

The purpose of this chapter is to provide an overview on how foreign entrepreneurs can start-up a business in Korea, including the rules and regulations, and general advice on doing business in Korea. The chapter outlines the general SME sector in Korea, and examines the key industries, which are attractive for foreigners to start-up their businesses. In addition, the chapter analyses the ways how foreign entrepreneurs can do business in Korea, including the legal types of businesses, visa types for foreigners, start-up incubators for foreigners and key tax information for foreign start-ups.

Item Type: Book section
DOI/Identification number: 10.4324/9781351000475-12
Uncontrolled keywords: Startup, Entrepreneurship, Foreigner, Korea, Business Owner, Small- and medium-sized enterprise, SME, New Business Formation, New Venture
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School > Marketing
Depositing User: Tracey Pemble
Date Deposited: 05 Nov 2019 13:10 UTC
Last Modified: 06 Nov 2019 09:46 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/78261 (The current URI for this page, for reference purposes)
Gerschewski, Stephan: https://orcid.org/0000-0002-4976-1033
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