If a Korean company sets up a Singapore subsidiary, does it also need to report in Korea?

Yes, when a Korean company invests in an overseas company, an overseas direct investment report may be required under Korean foreign exchange regulations, so please check with your bank before sending the capital.

What must be reported, when, and the reporting obligations after incorporation follow Korean foreign exchange regulations and depend on the investment amount and method.

• If a Korean head office is setting up a subsidiary: it is best to align the Singapore incorporation schedule with the Korean reporting schedule.
• If an individual resident in Korea becomes a shareholder: individuals may also need to report, so please check with your bank.

For the Singapore incorporation schedule, you can request a consultation through the Lee Kim Alliance Contact page.