Source: https://rivet.global/blog/korea-company-registration-for-foreigners-bank-account
Published: 2026-07-03 · Updated: 2026-07-03 · By Alexia M.

# Korea company registration for foreigners: FDI, capital and the bank account

How foreigners set up a Korean company: the FDI notification, KRW 100 million for a D-8 visa, remitting capital and opening the corporate account.

## Key takeaways

- Foreign investors notify a foreign exchange bank or KOTRA of the investment under the Foreign Investment Promotion Act before remitting capital.
- Foreign investment of KRW 100 million or more is generally needed for the D-8 corporate investor visa.
- Capital is remitted from abroad into a designated account and evidenced by a foreign currency purchase or remittance certificate.
- The operating corporate account is opened after registration with the business registration certificate.

Google's suggestions for "Korea company setup" include "company formation korea" and "how to register a company in Korea". For a foreign founder, the process runs through a bank before the company even exists.

## The sequence

1. File a foreign investment notification with a foreign exchange bank or KOTRA.
2. Remit the investment capital from abroad into the designated account and get the remittance certificate.
3. Register the company at the court registry and obtain the business registration certificate from the tax office.
4. Register the foreign-invested company status.
5. Open the operating corporate account and convert the capital as needed.

## The KRW 100 million question

Korea treats investment of KRW 100 million or more as foreign direct investment for most purposes, and the D-8 corporate investor visa generally requires it. Founders who invest less can still own a Korean company but will not get that visa route.

## After registration

The company now needs to receive payments, pay staff and pay suppliers. Korea's Foreign Exchange Transactions Act means banks ask for evidence on many cross-border payments: invoices, contracts, and the purpose of the transfer. Organise these from the first day.

## Common friction for foreign founders

- Name and address formats on the passport, the registry and the bank differ.
- Banks want the representative director present or a power of attorney with apostille.
- Overseas clients may not want to pay a new Korean company by international wire.

## Paying into South Korea: the local rail

| What | Detail |
|---|---|
| Local rail | Interbank transfers through KFTC's electronic banking network |
| Run by | Korea Financial Telecommunications and Clearings Institute |
| Settlement | Seconds, 24/7 |

Source: [KFTC](https://www.kftc.or.kr/eng). Checked when this guide was last updated; the scheme's own page has the current figures.

## Where Rivet fits

Rivet is a multi-currency account for registered companies in supported countries. Once your Korean company is registered, check our eligibility list. Where supported, Rivet gives USD details on the free Starter plan and EUR and GBP on Growth, so clients abroad pay on their own local rails. Rivet is not a bank; regulated partner institutions hold the funds, and it does not replace the Korean account that holds the FDI capital. See [KYB documents to open a business account](/blog/kyb-documents-to-open-a-business-account).

## Questions

### Can a foreigner register a company in Korea?

Yes. Foreigners can own Korean companies, usually as a jusik hoesa. Foreign investment is notified under the Foreign Investment Promotion Act, and some sectors have limits.

### How much capital do I need?

There is no general minimum for a company, but a foreign-invested company generally needs KRW 100 million or more of foreign investment to qualify for foreign investment status and the D-8 visa.

### Why does the bank matter so early?

The foreign exchange bank receives the FDI notification, holds the capital and issues the documents you need to register the company and its foreign investment status.

### How does the company get paid by overseas customers?

Through its Korean account, or through foreign currency accounts. Keep the evidence documents banks ask for under the Foreign Exchange Transactions Act.