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Jurisdiction(s):
United Kingdom
Key definition
Company definition

What does Company mean? In legal practice, company describes an incorporated association formed to carry on business or another lawful purpose. Across England and Wales, Scotland and Northern Ireland this ordinarily means a body corporate formed and registered under the Companies Act 2006; in Ireland, under the Companies Act 2014. A company has separate legal personality (Salomon v A Salomon & Co Ltd), can own assets, enter contracts, sue and be sued, and typically provides limited liability for its members. Common forms are the private company limited by shares (Ltd), the public limited company (plc), the company limited by guarantee and the unlimited company....

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South Korea Business Law for Foreign Investors: Incorporation, Branches, Financing, Banking, Leasing, Immigration, Employment, Contracts, Tax, Compliance, Data Protection and IP (2026)

Practice notes
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Updated in March 2026

Introduction

The Republic of Korea (South Korea, and called ‘Korea’ throughout this Practice Note) offers conducive conditions for accessing the East Asia marketplace, helped by its centrally placed position within the region’s transport corridors. Korea presently holds free trade agreements with 59 partners in total, including the US, the EU, China, ASEAN, India, and Chile, and is positioning itself as a global commercial hub, not only an East Asian one. Korea actively promotes inbound foreign investment via a suite of laws that grant overseas investors various incentives, such as tax reliefs. Businesses can choose from multiple structures when establishing operations in Korea. Alternative entry routes and models are likewise available for tailoring a presence to specific needs in Korea. This guide seeks to spotlight several pivotal considerations a new enterprise must address before commencing activity in Korea. It is not intended to be exhaustive, and bespoke Korean legal advice should always be obtained prior to forming and running a business in Korea accordingly.

The business environment

Under the Korean Constitution, liberal democracy and free‑market capitalism are core socio‑political and economic tenets, and a constitutional order grounded in due process has been adopted as the means to...

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Paul S Rhee
Paul S Rhee chambers

Paul S. Rhee is a senior foreign attorney and partner in the highly-ranked and award-winning Antitrust and Competition Practice Group at Yoon & Yang LLC in Seoul, Korea, which has been designated since 2008 as an ‘ELITE’ competition practice in Korea by Global Competition Review (GCR) with listing as a GCR 100 law firm and won the GCR Awards 2018 for “Regional Firm of the Year: Asia-Pacific, Middle East and Africa” and the In-House Community Asian-Mena Counsel Firm of the Year 2018. He has been practicing in Korea for over 20 years, advising multinational corporations on all aspects of their Korean business. Besides regularly advising on corporate and M&A matters, his practice primarily focuses on antitrust matters involving interface between antitrust law and intellectual property rights, corporate leniency program, merger clearance, criminal prosecution, private damage claims,...

Web page updated on 21/05/2026

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

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