๐ฐ๐ท Cost of Setting Up in South Korea
Complete cost breakdown for company formation in South Korea โ formation fees, annual compliance, office space, and structure-specific costs.
Cost Overview
Cost Breakdown (USD)
Formation Cost
KRW 3,000,000โ10,000,000Annual Compliance
KRW 5,000,000โ15,000,000Office Space
KRW 300,000โ1,000,000/month (virtual office); KRW 2,000,000โ10,000,000/month (physical office in Seoul)Cost by Structure
Limited Liability Company (YH)
Minimum CapitalNo statutory minimum
Annual CostKRW 3,000,000โ8,000,000
Setup Timeline2โ3 weeks
Stock Corporation (CH)
Minimum CapitalNo statutory minimum (relaxed in 2009 reforms)
Annual CostKRW 5,000,000โ15,000,000
Setup Timeline2โ4 weeks
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.