Doing business in Korea 2025

• 100.21tkm

  Territory

• 51.8M

  Population

• 1,453 KRW

  Currency¹⁾

• 12

  GDP ranking

• 5

  Ease of doing business²⁾

• 1) 1 USD, March 1, 20232) Last available ranking from the IMF

It is expected to rank as the 12th largest GDP in the world for 2025. At the same time, doing business in Korea is relatively simple: it ranked as the 5th in the last available World Bank measure of ease of doing business.

Investors considering opportunities in Korea must carefully evaluate legal, tax, accounting, and human resources factors. This guide aims to assist by addressing these key issues. While it may not cover all topics exhaustively, it serves as a starting point and advises seeking professional advice for specific issues and compliance with relevant laws and regulations.

Forvis Mazars in Korea specializes in Audit, Tax, Outsourcing services across various sectors. By operating as One-Firm globally, we offer consistency in quality and integrated services to support business grow in Korea.