Other Costs

You can easily search for the cost of starting and operating a business in Korea.

Please enter information for each item (labor cost, four major insurances, rent, and other costs) to estimate initial investment cost.

This service provides other costs for investors to refer to when calculating initial investment cost.
The related data is provided based on labor cost data from the tax base and wage standards of attorneys stated by the Korea Association of Beommusa Lawyers.

In addition to labor cost, four major insurances, and rent, you can search for basic taxes, such as corporate registration and license taxes, local education taxes, and attorney fees, by Capital and the area you wish to open and operate a business. Please note that attorney fees may be increased or decreased depending on the circumstances.

Please note that the exact investment amount, type of business, size, and region, etc. may differ; therefore, errors may occur or actual figures may differ. Data is for reference only.

Capital

KRW (USD 0)

*A foreigner may establish a corporation by investing less than KRW 100 million. However, this case is not recognized as foreign-invested company and is subject to the notification of stock acquisition as prescribed by the Foreign Exchange Transaction Act (Attached Form No. 7-6 of the Regulation on the Foreign Exchange Transaction).

Enter desired location to establish a company

※ Exchange rate information is based on daily exchange rates provided from the Economic Statistics System(ECOS) by the Bank of Korea.

Other Costs Information

Entered Information

Capital : 100,000 KRW
Desired location of business :

Calculation of Other Taxes

기타세금 산출근거 표로 초과, 까지, 고정액, 변동액 정보제공
Corporation registration and license tax	Local education tax	Judicial scrivener fee
KRW	KRW	KRW

Basis of data

Corporation registration and license tax
- General: Tax base stated in Article 27 of the Local Tax Act * Tax rate stated in Article 28.1.6. (a) of the same act (4/1000); In case that the tax amount is under KRW 112,500, KRW 112,500 will be imposed.
- Overconcentration control region: Corporation registration and license tax is 300/100 of the above-mentioned rate according to Article 6.1.1 of the Seoul Metropolitan Area Readjustment Planning Act (meaning, threefold; Article 28.2 of the Local Tax Act)
- Invested amount * 4/1000 or 12/1000 (Overconcentration control region)
Local education tax
- Article 150 of the Local Tax Act
- 20/100 of the corporation registration and license tax
Judicial scrivener fee
- Compensation standard of the Korea Association of Bemmusa Lawyers
- Fees for business/corporate registration - Refer to Article 13.1 Payment

기타세금 산출근거 표로 초과, 까지, 고정액, 변동액 정보제공
Over	Up to	Fixed amount
0	50,000,000 (USD 35,335.689)	310,000 (USD 219.081)
50,000,000 (USD 35,335.689)	100,000,000 (USD 70,671.378)	310,000 (USD 219.081)
100,000,000 (USD 70,671.378)	300,000,000 (USD 212,014.134)	420,000 (USD 296.82)
300,000,000 (USD 212,014.134)	500,000,000 (USD 353,356.89)	600,000 (USD 424.028)
500,000,000 (USD 353,356.89)	1,000,000,000 (USD 706,713.781)	760,000 (USD 537.102)
1,000,000,000 (USD 706,713.781)	2,000,000,000 (USD 1,413,427.562)	1,110,000 (USD 784.452)
2,000,000,000 (USD 1,413,427.562)	20,000,000,000 (USD 14,134,275.618)	1,710,000 (USD 1,208.481)
20,000,000,000 (USD 14,134,275.618)		8,910,000 (USD 6,296.82)

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