Your Guide to Setting Up a Liaison Office in Korea
What is a Liaison Office?( https://www.jnjkoreallc.com )
A liaison office is a type of foreign office recognized under the Korean Foreign Exchange Transaction Law. It's similar to a branch office but with some differences. Unlike a branch office, a liaison office is not allowed to be involved in any sales activities.
It is meant for non-sales activities such as research, market analysis, business development, and marketing for its parent or foreign company. And one more thing—a liaison office is not allowed to make profits on its own as per the law of Korea.
This type of office isn't subject to taxes in Korea, except for things like payroll and value-added tax reporting. Its main purpose is to support its head office by handling tasks like research, advertising, publicity, and other public relations activities. for more visit: https://www.jnjkoreallc.com/post/your-guide-to-setting-up-a-liaison-office-in-korea
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