I. Types of Business Entities that Foreigners can Establish
1. Local Corporation
2. Private Business
3. Branch
4. Liaison Office

II. Procedure for Establishing a Local Corporation(Foreign Investment Promotion Act)
1. Flow Chart
2. Foreign Investment Notification
3. Remittance of Foreign Investment Capital
4. Incorporation Registration
5. Business Registration
6. Transfer of Paid-in Capital to a Corporate Account
7. Foreign-Invested Company Registration

III. Procedure for Incorporation Registration
1. Methods of Incorporation
2. Procedure for Incorporation
3. Incorporation Registration
4. Simplification of Business Opening Procedure and Special Provisions for Small Business Entities

IV. Incorporation Notification and Business Registration
1. When Incorporation Notification and Business Registration are Filed Concurrently
2. When Business Registration is Filed Prior to Incorporation Notification

V. Procedure for Private Business Registration
1. Flow Chart
2. Foreign Investment Notification
3. Remittance of Investment Capital
4. Business Registration
5. Foreign-Invested Company Registration

VI. Procedure for Establishing a Branch in Korea
1. Flow Chart
2. Types of Branches (Article 9-32 of the Foreign Exchange Transactions Regulations)
3. Notification of Branch Establishment
4. Registration of Branch Establishment
5. Branch Closure and Retrieval of Liquidated Funds (Article 9-37 of the Foreign Exchange Transactions Regulation)

[Appendix]
Sample of Forms Required for Incorporation and Registration