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Can Korean Startups Enter the North Korean Market
Back in 2018, North Korean dictator Kim Jong-un signed the Panmunjom Declaration with South Korean President Moon Jae-in in South Korea. The declaration was to have both countries cooperate on officially ending the Korean War. Therefore, beginning a new area of peace and improving inter-Korean…
Filing your Taxes in Korea for Foreigners – A Complete Guide
Whether you are starting a company in Korea, teaching English in Korea, or a freelancer, filing your taxes in Korea for foreigners can be complicated, especially if you can’t speak Korean. I have over 20 years of Korean tax accounting and management experience. In addition, I have worked closely…
The Hydrogen Industry in Korea – Next Clean Energy Revolution
The interest in hydrogen technology is growing, with demand increasing rapidly in South Korea. The hydrogen industry in Korea is relatively new, however, it is getting massive support. Major conglomerates in Korea are cooperating to develop a nationwide hydrogen ecosystem and work with the Korean…
Best Collaboration Tools in South Korea – Changing the Work Culture
Covid-19 is changing the world rapidly. People work from home because of social distancing, but still have to complete projects with their colleagues. Therefore, collaboration is essential. Korea has a collective work culture with principled rules and a rigid hierarchy. As an employee, one even has…
5 Step Guide to Setting up a Business in Korea as a Foreigner
The question that I get asked the most from foreigners in Korea is about setting up a business in Korea. South Korea has become an excellent location for global entrepreneurs and investors looking to enter the Asian market. Seoul, in particular, has become a global hub for startups passionate about…
10 Things You Should Know Before Starting a Business in Korea
South Korea's GDP is 10th in the world with a total of $1.64 trillion as of 2019. A small country like South Korea has made the top 10 because they have made a concerted effort to open up its economy to foreign players. Therefore many foreigners are interested in starting a business in Korea.…
