• Expanding one’s business abroad is itself an act of pioneering. We believe valuable things in this world can only be created by the act of pioneering.
  • “To make a world without barriers for business expansion.”
  • We help you build your business in Korea.
  • From setting up a corporate entity to living in Korea, we provide a total solution to doing business in Korea.
  • At the turn of the 20th century, Korea finally opened its doors to foreign investment. Korea provides generous support to attract foreign entrepreneurs & professionals.
  • Doing business in Korea starts with establishing a local corporate entity.
  • There are 36 types of visa for foreigners entering Korea. We provide visa issuance, extension and change of sojourn status services for foreign entrepreneurs & professionals.
  • We provide accounting, filing, reporting, and auditing services for foreign businesses in Korea.
  • We match foreign-invested enterprises with Korean job seekers & professionals.
  • Finding local partners is the key to business success abroad. Contact us to find your optimal business partners in Korea.
  • Doing business in Korea may involve living in Korea. Contact us to get help with settling in Korea.
  • “To make a world without barriers for business expansion.”
  • Feed yourself with more in-depth insights on doing business in Korea.
  • Feed yourself with more in-depth insights on doing business in Korea.
  • Feed yourself with more in-depth insights on doing business in Korea.
  • Feed yourself with more in-depth insights on doing business in Korea.
  • Feed yourself with more in-depth insights on doing business in Korea.
  • Feed yourself with more in-depth insights on doing business in Korea.
  • Feed yourself with more in-depth insights on doing business in Korea.
  • You can download required documents for registrations and government-provided information in this section.
  • You can download required documents for registrations and government-provided information in this section.
  • For more inquiries or service request, contact us directly.
  • For more inquiries or service request, contact us directly.

We bring the World to Korea, and take Korea to the World.

HOME INSIGHTS All
29 JUL 2019

Visa for Foreign Residents in Korea

TOPIC : Business in Korea Visa Living in Korea

As of 2017, foreign residents in Korea account for 4.21% (2.2 million) of the total population. In the recent five years, the number of foreign residents has been growing at 8.5% annually.

There are 36 types of visa with which a foreigner can enter and stay in Korea. Among them, visas that are especially relevant to doing business and working in Korea are the D-types and E-types. The following is a list of all 36 types of visa issued to foreigners upon review.


Visa TypeCategories

A-type

diplomat, government official, agreement

B-type

visa exemption, tourist/transit

C-type

Short-terms; temporary news coverage, short-term business-visit-employee

D-type

artist, student, industrial trainee, general trainee, journalism, religion, supervisor(D-7), corporate/foreign investor(D-8), international trade(D-9), job seeking (includes business startup, D-10)

E-type

professor, foreign language instructor, research, technology transfer(E-4), professional employment, artistic performer, designated activities(E-7), training employment, non-professional employment, crew employee

F-type

accompanying spouse/child(F-3), Overseas Koreans(F-4) (F-4-16: corporate executive, F-4-17: entrepreneur of $100,000)

G-type

miscellaneous

H-type

working holiday, working visit

M-type

military

T-type

tourist landing


For more information on applying for visa to do business in Korea, contact us.

Explore More Insights

South Korea's E-commerce Landscape: Innovations and Challenges

In the realm of digital commerce, South Korea stands out as a pioneering force, distinguished by its innovative strategies and swift adaptation to consumer demands. Its e-commerce landscape reflects not only technological advancement but also a consumer-driven economy that seamlessly blends tradition with modernity. Delving into this dynamic market, we uncover the driving forces behind its expansion, the distinctive behaviors of its consumers, the technological innovations shaping its trajectory, and the challenges confronting businesses entering this vibrant domain. Market Growth and Scale South Korea's e-commerce market, a powerhouse in the digital realm, boasts a formidable position as the sixth-largest globally, with annual revenues surpassing $92 billion. This market is on a trajectory of robust growth, projected to soar to approximately $389.89 billion by 2026, with a compound annual growth rate (CAGR) of 19.92%. This remarkable surge is fueled by a combination of factors, including advanced digital infrastructure, widespread internet access, and a strong consumer appetite for online transactions. Together, these elements propel the market forward, rendering it a hub for digital retail innovation and investment. Diverse Consumer Engagement Diverging from traditional e-commerce demographics, South Korea's digital marketplace showcases remarkable inclusivity, engaging a broad spectrum of consumers across all age groups. This broad appeal necessitates businesses to devise strategies tailored to resonate with diverse audiences, spanning from digitally adept youths to more mature demographics. In South Korea, the integration of e-commerce into daily life transcends generational boundaries; it permeates throughout society. This cultural shift signifies that digital shopping is not merely a convenience but a lifestyle choice embraced by individuals of all ages, reshaping the consumer landscape for online retailers. Advancement of Payment Systems and Retail Dynamics A key driver of South Korea's e-commerce triumph is its progressive approach to payment systems. Spearheaded by innovative non-bank entities like Kakao and Samsung Electronics, these systems have redefined online transactions, fueling the rise of mobile payments. Simultaneously, traditional retail experiences undergo a transformative shift. Brick-and-mortar establishments transcend mere transaction points, evolving into immersive hubs offering experiential shopping. The emergence of concept stores and pop-up shops, prioritizing engaging customer interactions, signals a paradigm shift in retail strategy. This fusion of digital payment convenience and experiential retailing is reshaping the retail sphere, establishing new standards for consumer expectations and purchasing behaviors. Obstacles for International Entrants The allure of South Korea's e-commerce landscape is undeniable, yet it presents distinctive hurdles, particularly for foreign enterprises. A significant challenge lies in navigating the intricacies of payment processing, largely due to the dominance of local credit card brands. Furthermore, foreign firms encounter regulatory and institutional complexities that can hinder market entry and operations. Successfully maneuvering through these challenges necessitates a profound comprehension of local market dynamics, regulatory frameworks, and consumer preferences. Flourishing in this market demands not only a robust business model but also the adaptability to thrive within a multifaceted and evolving ecosystem. In Summary South Korea's e-commerce arena shines as a beacon of innovation, growth, and opportunity in the digital era. It embodies expansive growth, diverse consumer engagement, pioneering payment solutions, and distinct challenges. For businesses aspiring to thrive in this dynamic milieu, a nuanced understanding of these diverse facets is indispensable. As South Korea continues to lead in digital retail innovation, its e-commerce realm remains fertile ground for both domestic and international enterprises, brimming with prospects for those equipped to navigate its dynamic landscape. Pearson & Partners - Streamlining Market Entry into Korea At Pearson & Partners, we specialize in facilitating seamless market entries into Korea. Our services encompass visa acquisition and tax accounting, tailored to navigate the intricacies of Korean business regulations. With our expertise, your business endeavors in Korea are not only compliant but also efficient. Reach out to us for personalized assistance that aligns perfectly with your unique business needs and objectives.

read more

Exploring the Korean E-commerce Scene: Why You Should Join

Are you looking to boost your product's exposure and expand into new markets? Are you seeking fresh audiences and advertising approaches? Want to grow your business without getting lost in overcrowded markets? Consider South Korea. This article aims to show you the untapped opportunities in the Korean e-commerce market.   1. South Korean e-commerce is positioned among the globe's largest markets. South Korea's e-commerce scene, despite its population of 51 million, rivals that of the United States, which boasts a population over six times larger. This achievement is remarkable, especially considering South Korea's historical context. Having embarked on the path to democracy in the late 1980s, the country experienced rapid economic growth between 1960 and 1990, following a struggle for independence against neighboring empires, China and Japan. According to Statista, a staggering 92% of Koreans were internet users in 2020, compared to 81% of Poles. Further evidence of Koreans' affinity for online shopping includes the fact that over 50% of Koreans aged 60 or older are active internet users, while in the United States, this figure stands at a mere 30%. Therefore, launching products in South Korea presents companies with a significant opportunity to expand their customer base exponentially. A product that fills a niche in the domestic market could potentially become a major success in Korea. Delving deeper into this opportunity is definitely worthwhile.   2. The Korean online shopping market follows a consumer-driven society.The inherent nature of Korean consumers' shopping habits offers numerous advantages from the start. Koreans tend not to stick to particular brands and are open to trying new things. To stay relevant in this fast-paced market and maintain customer interest, companies must consistently update their image, leading to frequent changes in packaging and the introduction of new product lines.  It's projected that by 2023, approximately 94% of Koreans will utilize e-commerce platforms. Often, online purchases aren't just about fulfilling daily needs but also serve as a way for buyers to showcase their social or financial status.   3. Interest from international suppliers is on the rise. Year after year, we witness a consistent increase in the funds flowing from Korean consumers into the accounts of foreign companies, with industries like fashion and beauty being particularly receptive. While entering the Korean e-commerce market demands thorough analysis, even a modest effort can lead to a warm reception for your products or services, along with the added allure of a "premium" aura often associated with foreign brands.    Navigating the Challenges and Rewards of the Korean E-commerce Market Entering the Korean e-commerce market is undoubtedly more challenging compared to European markets. It requires extensive preparation and detailed market analysis, encompassing various aspects such as consumer behavior, commercial communication regulations, effective marketing strategies, and specific SEO needs. Despite the demanding nature of this endeavor, it offers significant profit potential. The Korean market is receptive and embraces novelty, with ample opportunities for foreign brands. It has the potential to create a remarkable impact that is often difficult to achieve in markets similar to our own.   The Top Online Order Categories Based on data from Statista for 2020, food and beverages were the highest-spending category for Koreans. Following closely were home appliances, electronics, and telecommunications equipment. Lower down on the list were dining services, clothing, household items, and cosmetics.   Commonly Used Korean E-commerce Platforms Koreans typically conduct their online shopping through platforms such as: - Gmarket, - 11 Street, - Coupang (referred to as "the Korean equivalent of Amazon") Conclusion Exploring the Korean e-commerce market reveals a landscape ripe with potential for businesses seeking growth and expansion. With its position among the world's largest markets, a consumer-driven society, and increasing interest from international suppliers, South Korea presents lucrative opportunities for those willing to navigate its challenges. By understanding the preferences of Korean consumers, leveraging effective marketing strategies, and utilizing popular e-commerce platforms like Gmarket, 11 Street, and Coupang, businesses can establish a foothold in this dynamic market.   Ready to tap into the vast potential of the Korean e-commerce market? Our company specializes in assisting global sellers with incorporation in Korea. Let us guide you through the process with our expertise in communication services, market analysis, and strategic planning. Reach out to us today to start your journey towards success in South Korea.

read more

Navigating the K-Culture Industry for Foreign Investors in Korea

In the dynamic realm of global business, the K-culture industry in Korea shines as a beacon of innovation and opportunity. Tailored for discerning foreign investors and entrepreneurs eyeing expansion into Korea, this comprehensive article delves deep into the vibrant tapestry of K-culture. Through meticulous analysis, industry insights, exploration of investment advantages, and strategic guidance, it offers a thorough understanding while emphasizing the importance of credibility and respect in navigating this expansive market. Exploring the K-Culture Industry Landscape The K-culture industry has undergone a remarkable evolution, with 2022 revenues exceeding 148 trillion won, marking a 7.7% increase from the previous year, as reported by the Korea Creative Content Agency. Spanning gaming, beauty, broadcasting, music, and more, this multifaceted industry not only captivates global audiences but also serves as a robust economic driver for Korea. A deep dive into its interconnected sectors reveals a dynamic ecosystem fostering continuous expansion and innovation, essential knowledge for potential investors. Insights into Future Industry Prospects The future of the K-culture industry appears promising, solidifying its place among the top global contenders. With its adaptability to emerging technologies and innovative trends, the industry remains poised for sustained growth. The fusion of tradition with cutting-edge technology offers unique avenues for market expansion, engaging audiences worldwide in immersive experiences and creating diverse investment opportunities. Advantages of K-Culture Investment Investing in K-culture extends beyond economic gains, enhancing Korea's global image and facilitating cross-cultural exchanges. With export revenues surpassing imports, the industry offers stability and profitability for foreign investors. Moreover, it aligns with the global trend of cultural appreciation, allowing investors to contribute to a rich cultural narrative while reaping financial rewards. Understanding these advantages empowers investors to navigate the K-culture landscape confidently, aligning their strategies with its dynamic future. The Sociocultural Influence of K-Culture K-culture's profound impact extends beyond entertainment, fostering cultural diversity and inclusivity on a global scale. The widespread popularity of K-dramas, K-pop, and other cultural exports has created a shared cultural language that transcends borders, uniting people from diverse backgrounds. This interconnectedness enriches the global entertainment landscape and promotes a more harmonious society, breaking down cultural barriers and fostering mutual understanding. Furthermore, K-culture's sociocultural influence extends beyond entertainment, shaping various aspects of daily life such as fashion trends and beauty standards. Korean cultural exports serve as a bridge between East and West, fostering cross-cultural dialogue and appreciation. This cultural exchange promotes diversity and enhances global cultural understanding, contributing to a more interconnected and inclusive world. In essence, the sociocultural impact of K-culture showcases its ability to shape perceptions, bridge cultural divides, and promote global harmony. As investors explore opportunities in the K-culture industry, recognizing its broader societal contributions is essential for understanding its profound and lasting influence on a global scale. Guidance for Strategic Investment 1. Harnessing the Global Reach of K-Pop and Gaming: The global success of K-pop groups like BTS and popular games such as "League of Legends" highlights the importance of strategic investment in talent development and international expansion. By strategically guiding talent and establishing overseas footholds, investors can capitalize on the immense global appeal of K-content. 2. Maximizing Revenue through Merchandising: The monetization of K-content through merchandise offers a lucrative opportunity for investors. Groups like BTS have successfully expanded their reach and revenue streams through carefully curated merchandise lines. This merchandising strategy not only boosts financial returns but also enhances the cultural influence of K-content, catering to the growing demand for K-pop and gaming-related products worldwide. 3. Leveraging Cultural Diplomacy and Soft Power: K-culture plays a significant role in South Korea's cultural diplomacy efforts and soft power expansion. Through the global reception and appreciation of Korean entertainment and cultural exports, Korea has elevated its global standing and influence. Strategic investment in creating content that resonates with international audiences fosters cultural exchange and enhances a nation's soft power on the world stage. Conclusion In conclusion, the K-culture industry in Korea presents a wealth of opportunities for investors seeking to tap into its global appeal and economic potential. Tailored for foreign investors and entrepreneurs looking to expand into Korea, this article provides a comprehensive exploration of K-culture, highlighting its revenue growth and diverse sectors. Recognizing the broader societal impact of K-culture beyond its economic contributions is essential for informed decision-making and strategic planning. Pearson & Partners, a consulting firm specializing in aiding expansion into Korea, offers strategic guidance for investors seeking to capitalize on the opportunities in the K-culture industry. With expertise in incorporation and tax accounting services, Pearson & Partners ensures a seamless entry into the Korean market. For personalized assistance in navigating the complexities of K-culture investment and maximizing returns, contact us today.

read more
Explore All Insights

Thank you for your interest in Pearson.

TYPE
Incorporation Visa Taxation & Accounting Recruitment Finding Partners Living in Korea Others