Republic of Korea
UTC +9
Republic of Korea
Overview
South Korea is a country in East Asia, constituting the southern part of the Korean Peninsula. Its economy ranks as the world’s tenth largest by nominal GDP. South Korea has massive investment in education has taken the country from mass illiteracy to a major international technological powerhouse. South Korea was the fifth-largest exporter and seventh-largest importer in the world.
FX control
None
Language
Korean
Population
51 Million
Success Rate
Normal
Incorporate time
8-12 weeks
Capital Requirement
11,953 USD
Tax & Finance
GDP (USD)
1.6 trillion
Currency
Korean Republic Won
Corporate Tax
25%
Income Tax
19%
Mandatory Leaves
Maternity leaves
90
Days
Statutory holidays
14
Days
Annual leaves
15
Days
Sick leaves
0
Days
Total: 119 Days
Labour Condition
Maximum Working Hours
52-68 hours per weeks
Minimum Wage
8590/Hr
Japan
UTC +9
Japan
Overview
Japan is an island country in East Asia, located in the northwest Pacific Ocean. Japan is the third largest national economy in the world. Japan’s main imports are machinery and equipment, fossil fuels and chemicals etc. for its industries. Japan has a large cooperative sector, and the largest agricultural cooperative in the world as of 2018.
FX control
None
Language
Japanese
Population
125 Million
Success Rate
Normal
Incorporate time
2-4 weeks
Capital Requirement
150000 Yen
Tax & Finance
GDP (USD)
5081.7 bil
Currency
Japanese Yen
Corporate Tax
15%
Income Tax
20%
Mandatory Leaves
Maternity leaves
105
Days
Statutory holidays
16
Days
Annual leaves
12
Days
Sick leaves
0
Days
Total: 133 Days
Labour Condition
Maximum Working Hours
8 hours per day
Minimum Wage
90/Hr