Talk to Us
Perhaps we can help you – so connect with us here. We’re ready to engage you – let us know how to help you improve your impact in Asia.
In overcoming an unfortunate history, South Korea has become a world leader in semiconductors, mobile electronics, shipbuilding and automotive production while being the home of a range of global consumer and lifestyle brands.
Korea’s population of around 52 million offers a sophisticated, tech-savvy single market with an annual buying power of approx. USD 200 billion. Korea is the ninth largest importing market in the world.
Doing business in Korea has become easy with highly developed air and seaports and non-stop direct flights to most major European and American destinations. Korean market entry is possible through the 21 free trade agreements the country holds with most of the world’s major markets.
The country hosts several Free Economy Zones (FEZ) allowing greater ease of doing business in Korea. The Korean government strong supports foreign investment, recently reducing regulatory compliance and offering a range of tax breaks and concessions that includes exclusions from company tax, value-added tax, real estate taxes and acquisition taxes.
Business in Korea is done almost entirely in Korean language and business relationships follow strict cultural protocols. Regulations can be complex so foreigners are advised to make some effort to understand how Korean market entry differs from other Asian nations.
Asian Insiders will help you do business in Korea. Asian Insiders will connect you to the right officials, the right partners. Asian Insiders will engage with you all the way, guiding your Korean market entry to monitoring your processes and outcomes.
Asian Insiders is a network of highly experienced market entry and channel development consultants. With Partners operating in most Asian markets and Associate Partners around the world, Asian Insiders offer clients a vast body of knowledge, expertise and experience in introducing western companies into Asia, and supporting their performance when there.
Asian Insiders offers clients a broad, comparative view across all Asian markets and deploys a set of proprietary service modules that allows for consistent service across the region. From first point of contact, we learn our client circumstances and objectives, then develop their recommended business strategy in Asia. We connect with government officials, Chambers and business associations, industry networks and sector media. Asian Insiders connects and engages for maximum strategic advantage and impact.
We offer operative services from our offices near central Seoul, covering the Korean market. We opened our doors in 2010 and since opening, we have over 350 completed client assignments including projects for governments, industry associations, events management, delegation and group familiarisation tours along with hundreds of individual assignments, visits and reports. We deliver comprehensive operational and support services Korea.
Our team includes our two principles along with three full-time staff. We often work closely with sector specialists on specific client cases.
Asian Insiders specialises in market entry and expansion services for companies looking to enter the Korean market. Our services include:
Understanding the Korean market allows you to focus on the correct part of the market, design sales channel related to it and support your local partner(s) efficiently.
Selecting the right distributor ensures efficient market penetration and successful Korean market entry. A reliable distributor can help you navigate cultural nuances, logistics and regulatory compliance.
We conduct in-depth market research to understand customer behavior, trends, competitors and opportunities in the Korean market. Our insights guide your market entry strategy.
Outsourcing sales reduces costs, allows you to focus on core business activities, and expands your global reach. Work with us to manage your sales and leverage our understanding of Korean business to your benefit. When working with us, you don’t need to worry about company establishment, employee costs (4-major insurances), office space, nor staffing. You also have access to an extended team, instead of a single sales representative.
Establish a subsidiary in Korea is fairly simple, but time-consuming process. It requires a standard (approximately) 30-day administrative process, registering newly established company to Korean supreme court. Usually, receiving finalized, signed, and notarized required documentation from client headquarters takes longer than the process in Korea. Alternatives to subsidiary are a branch office or a liaison office, both which come with some benefits and restrictions compared to a subsidiary. Once subsidiary is established, banking, accounting and taxation related registrations are required.
We have solved operational (such as administration, HR, accounting, etc.) issues, supported directing sales processes (major investment projects, equipment, and consumable sales) successfully and managed all Korean operations for our clients. Our experts can guide you through any issues you might have in your current operations.
Perhaps we can help you – so connect with us here. We’re ready to engage you – let us know how to help you improve your impact in Asia.
Copyright © 2022-2023 Asia Sales Channels Ltd. | All rights reserved
Website design by Boielle Creative
Please take our quick survey (it only takes a minute). We appreciate your feedback!