Tag: corporate formation

Korean Corporate Forms under the Korean Commercial Code: Forming a Company in Korea

There are four basic corporate entities under the Korean Commercial Code.  The first to forms are the most usual forms for a foreign capital-invested company to form a company in Korea.   1. Chusik Hoesa (Joint Stock Company)Only form of corporate entity that is allowed to publicly issue shares. An article will be posted on the specifics of forming a Chusik Hoesa in the next couple of weeks. 2. Yuhan Hoesa (Limited Liability Company)A closely held company that is prohibited from

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