From talking with foreign small business owners in Korea (and based on questions I get by email all the time), I’ve been surprised how inaccessible the basics of small business accounting can be to outsiders, especially those of us from Western traditions where paying taxes in business seems a matter of course.
I’m not an accountant but I have faced my share of head-scratchers in running a business in Korea, and I recently prepared answers to questions I’ve received from others, as well as a few that seemed noteworthy enough to record in my notes after discussing with my accountant.
Or, the following summarizes my answers.
- Korea Business Interview Series – “The Nuts and Bolts of Setting Up and Running a Company in Korea”, with Young Ham
- Business Accelerator – Start & Run a Business in Korea
- Business Accelerator – Korean Business Savvy
** Comments are always welcome. If you have additional insights or come across information here that you disagree with or that needs to be updated — or just want to know something — don’t hesitate to leave a comment and share your opinion/knowledge/question!