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Republic of Korea
UTC +9
Republic of Korea
Overview
South Korea is a country in East Asia, constituting the southern part of the Korean Peninsula. Its economy ranks as the world’s tenth largest by nominal GDP. South Korea has massive investment in education has taken the country from mass illiteracy to a major international technological powerhouse. South Korea was the fifth-largest exporter and seventh-largest importer in the world.
FX control
None
Language
Korean
Population
51 Million
Success Rate
Normal
Incorporate time
8-12 weeks
Capital Requirement
11,953 USD
Tax & Finance
GDP (USD)
1.6 trillion
Currency
Korean Republic Won
Corporate Tax
25%
Income Tax
19%
Mandatory Leaves
Maternity leaves
90
Days
Statutory holidays
14
Days
Annual leaves
15
Days
Sick leaves
0
Days
Total: 119 Days
Labour Condition
Maximum Working Hours
52-68 hours per weeks
Minimum Wage
8590/Hr
