International Practice
2021.07.20
Legal Review on Illegallity of Business Model of Foreign Corporations’ Korean Branch
Service area
Lawyer
Cha & Kwon provided a legal review for a foreign corporation client who planned to execute a business where the Korean branch purchases bonds and requires debtors for payment. Clients inquired if they had to acquire a license in order to execute the business.
When corporates plan to execute a new business model, a deliberate legal review to avoid any illegality and identifying necessary expenses is extremely important.
