🇰🇷 Cost of Setting Up in South Korea
Complete cost breakdown for company formation in South Korea — formation fees, annual compliance, office space, and structure-specific costs.
Cost Overview
Cost Breakdown (USD)
Formation Cost
KRW 3,000,000–10,000,000Annual Compliance
KRW 5,000,000–15,000,000Office Space
KRW 300,000–1,000,000/month (virtual office); KRW 2,000,000–10,000,000/month (physical office in Seoul)Cost by Structure
Limited Liability Company (YH)
Minimum CapitalNo statutory minimum
Annual CostKRW 3,000,000–8,000,000
Setup Timeline2–3 weeks
Stock Corporation (CH)
Minimum CapitalNo statutory minimum (relaxed in 2009 reforms)
Annual CostKRW 5,000,000–15,000,000
Setup Timeline2–4 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.