1.2 What is the merger legislation? General meeting of shareholders is the ultimate decision-making body and determines the fundamental matters regarding the company's structure and management specified under the Korean Commercial Code (KCC) or the company's articles of incorporation (AOI) Company name South Korea Companies Registry. 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 Lvji is a business that has experienced strong top line growth of 400%, 320%, and 79.6% for the three years prior to its IPO on 16 January 2020. 1.1 Who is/are the relevant merger authority(ies)? With a South Korea Company Credit Report we conduct an investigation on the target company, include the latest information on the company held by the Companies Registry and credit recommendations are included, where financial data … KCAB INTERNATIONAL was established on 20 April 2018 as an independent division of the Korean Commercial Arbitration Board to meet the growing demand for cross-border commercial dispute resolution. Find out about the accounting rules in South Korea : accounting principles and standards: Listed companies and unlisted financial institutions are required to adopt K-IFRS (Korea- International Financial Reporting Standards). However, as for a foreign resident who has had a domicile or place of residence in Korea for 5 years or less in aggregate in the previous 10 years ending on the last date of the tax year concerned, will not be subject to Korean income tax on the foreign-source … Contents of a South Korea Company Search Report. The Korea Fair Trade Commission (“KFTC”) is the relevant merger authority that enforces the Monopoly Regulation and Fair Trade Act of Korea (“MRFTA”), which is the primary competition law in Korea. We hope this guide can serve as a useful resource to better understand the Korean market and provide insight into certain areas of interest when contemplating business or investment in Korea. With an asset light business model, it has also been able to generate positive and growing operating income with an attractive margin of approximately 30%. KCAB INTERNATIONAL specializes in international arbitration to ensure that disputes are resolved in a cost-effective and time-efficient manner within a streamlined … A corporation must file an interim tax return with due payment for the first six months of the fiscal year, and the filing/payment must be made within two months after the end of the interim six-month period. Joint-stock company (Jusik Hoesa)Separate and distinct entity. However, it cannot exceed 12 months. Ministry of Justice – Business Registry (not searchable) Spain Start-Biz Online (in Korean) Small and Medium Business Administration (in Korean) Supreme Court – Registry (in Korean) Financial Supervisory Service – Repository of Korea's Corporate Filings; South Sudan. However, unlisted companies may choose either K-IFRS or Korean Generally Accepted Accounting Standards (K-GAAP) for financial accounting. > XBRL Financial Statements > Latest Filings. doing business in Korea. Kyung-Tae Ahn Chairman. Yes, a physical place of business in Korea is required to register for VAT. In case of residents, salaries received outside of Korea as well as those received within Korea will be taxed in Korea. Each South Korean company must file a quarterly VAT report and an annual tax return to meet the requirements of the Republic of Korea company law; A corporation must file an interim tax return with the Korean Government, comprising i) balance sheet ii) … In Korea, the taxable year is on a fiscal-year basis as elected by the taxpayer. South Korea Company Credit Reports. We can provide a search report from the South Korea Companies Registry with the latest information on the target company, the information on smaller companies can be limited as in Korea a company is not obliged to disclose accounts and shareholder details. South Korea. Tax returns. 4 Samil PwC Samil PricewaterhouseCoopers (Samil