A hi-tech, cultural juggernaut, South Korea is home to 50 million people and rests between the two Asian giants of China and Japan. Although these two powers often overshadow Korea as a business destination, the country features a sophisticated and affluent populace, world-leading infrastructure, and a plethora of options for companies involved in industries like electronic manufacturing and shipbuilding.
Reasons to do business in Korea include:
- Business-friendly environment
- Education and skilled labor force
- A connected country
- Strong economy
Doing business in Korea
Korea has unique business and cultural traits that shape a company’s experience in the country. To avoid any unintentional faux pas and to make life easier, here is a list of important facts about doing business in the world’s 11th largest economy:
- Tax considerations
- Obtaining a work permit
- Employment considerations
- Business etiquette
How Tricor can help in Korea
Tricor Korea specializes in company administration, payroll and executive search services, offering best practices and local knowledge to clients based in Korea. Staffed by experienced professional accountants as well as human resource and IT consultants, Tricor Korea is committed to customized solutions and excellence in service.
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