What are the types of companies in South Korea?

There are various types of companies in South Korea. The most common among these are:

1. Common Companies: The most common type of company in South Korea is Limited Liability Companies (Yuhan Hoesa). Such companies can be established by at least one capital owner and are managed based on capital shares.

2. Joint Stock Companies: Joint Stock Companies (Hapmyeong Hoesa) are another type of company widely used in South Korea. Such companies are managed on the basis of shares and it is also possible for their capital shares to be publicly traded.

3. Limited Liability Companies: Limited Liability Companies (Yuhan Chaepan Hoesa) are companies established by several partners and whose capital shares are managed with limited liability.

4. Business Partnerships: In South Korea, business partnerships (Johap) are also a widely used type of company. Business partnerships are a temporary association between two or more individuals or companies for the execution of a specific project or business.

5. Cooperatives: Cooperatives (Hapja) are another type of company widely used in South Korea. These types of companies are organizations that are jointly managed by members and operate without profit. This only covers some types of South Korean companies, and other types are also available. Each type of company may be subject to different regulations, so it is important to consult your local laws for more details.