Business process solutions

The Business Process Solutions (BPS) group provides supporting services to companies for important functions, such as finance, accounting, treasury, tax, HR, and administration, which may not be the core competencies of our clients, but which are critical to their success as business enterprises. We can assist our clients, including both foreign and Korean companies, in all stages of business operations, from establishment of a subsidiary, branch or liaison office to the winding-down or liquidation process.

  • Payroll and national social securities administration services
  • Preparation of individual tax returns
  • Preparation of employment contracts and policies, employment regulations
  • Tax consulting and other assistance for expatriates/seconded employees
  • Assistance in implementation of a corporate pension plan

 Human resources services

  • Accounting and bookkeeping services
  • Monthly, quarterly, and annual financial statements preparation
  • Temporary staffing of accounting personnel
  • Cash management and treasury functions

Finance, treasury and accounting services

  • Preparation and filling of VAT registration and VAT returns
  • Assistance with electronic tax invoicing
  • Preparation and filling of corporate tax returns

Tax services

  • Assistance in obtaining and extending visas for foreigners
  • Assistance establishing, maintaining, and liquidating joint venture companies, subsidiaries, branches, and liaison offices, including registration with government agencies, obtaining approval for capital stock increases/redemptions, and fulfilling other legal and accounting requirements
  • Consulting and other assistance related to the business enterprise support functions, such as accounting, tax, human resources, and general administrative functions
  • Advice for foreign companies regarding management and operations in Korea, such as compliance with the Labor Standards Law, Foreign Currency Exchange Regulations, the Commercial Law, Foreign Investment Promotion Law, and the Immigration Control Law.
  • Installation and operation of accounting and payroll software

Other business process services