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seoul_nhl
Joined: 18 Mar 2006
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 Posted: Sun Apr 23, 2006 2:47 am Post subject: Starting a business |
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Does anyone know of links or websites giving information on starting a business in South Korea for expats  [/b] |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Sun Apr 23, 2006 4:35 am Post subject: Re: Starting a business |
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| seoul_nhl wrote: |
| Does anyone know of links or websites giving information on starting a business in South Korea for expats [/b] |
what kind of business you thinking about?
are you married? |
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endofthewor1d
Joined: 01 Apr 2003
Location: the end of the wor1d.
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| Posted: Sun Apr 23, 2006 4:57 am Post subject: |
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if you find anything out, let me know. i'm looking into opening a bar myself. i'm married to a korean, so i don't think i'll have to go through a lot of red tape. but i don't know the first thing about owning a bar.
but the good news is that i don't have a lot of money just yet either, so i've got a lot of time to learn. |
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chiaa
Joined: 23 Aug 2003
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| Posted: Sun Apr 23, 2006 5:15 am Post subject: |
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| endofthewor1d wrote: |
if you find anything out, let me know. i'm looking into opening a bar myself. i'm married to a korean, so i don't think i'll have to go through a lot of red tape. but i don't know the first thing about owning a bar.
but the good news is that i don't have a lot of money just yet either, so i've got a lot of time to learn. |
If you are on an F-2 visa you cannot work at a bar. It's one of the few places you cannot work on that visa.
I do not know if that's the case with an F-5 |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Sun Apr 23, 2006 6:12 am Post subject: Re: Starting a business |
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| seoul_nhl wrote: |
| Does anyone know of links or websites giving information on starting a business in South Korea for expats [/b] |
Not specifically: but for foreign investment, 50 million KRW, is the minimum. |
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endofthewor1d
Joined: 01 Apr 2003
Location: the end of the wor1d.
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| Posted: Sun Apr 23, 2006 6:39 am Post subject: |
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| chiaa wrote: |
| endofthewor1d wrote: |
if you find anything out, let me know. i'm looking into opening a bar myself. i'm married to a korean, so i don't think i'll have to go through a lot of red tape. but i don't know the first thing about owning a bar.
but the good news is that i don't have a lot of money just yet either, so i've got a lot of time to learn. |
If you are on an F-2 visa you cannot work at a bar. It's one of the few places you cannot work on that visa.
I do not know if that's the case with an F-5 |
that's interesting... what's the story with that. i'm not questioning you, but rather the law. anyway... it probably won't affect me, as by the time i save enough starting capital, i should be elligible for the f-5... i hope. |
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chotaerang
Joined: 23 Mar 2004
Location: In the gym
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| Posted: Sun Apr 23, 2006 6:54 am Post subject: |
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| At the foriegn help center at city hall there's a small office that gives out booklets and advice about starting businesses in Southy. The chief, whose English name is Simon, is a helpful guy. Best of luck and be careful out there. It's a different world from the English teaching one. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Sun Apr 23, 2006 7:27 am Post subject: |
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| chiaa wrote: |
| endofthewor1d wrote: |
if you find anything out, let me know. i'm looking into opening a bar myself. i'm married to a korean, so i don't think i'll have to go through a lot of red tape. but i don't know the first thing about owning a bar.
but the good news is that i don't have a lot of money just yet either, so i've got a lot of time to learn. |
If you are on an F-2 visa you cannot work at a bar. It's one of the few places you cannot work on that visa.
I do not know if that's the case with an F-5 |
you sure about that dude?
I believe the F2 lets a foreigner work just like a korean man!
restaurant, bar, mac donalds, cafe, kimbab shop!
doesnt make any sense not being able to work in a bar!
who told you this? |
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thekingofdisco
Joined: 29 Oct 2004
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| Posted: Sun Apr 23, 2006 5:41 pm Post subject: |
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| maybe it fits into the DDD jobs, which I believe you can't do on F visas. |
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chiaa
Joined: 23 Aug 2003
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| Posted: Sun Apr 23, 2006 5:47 pm Post subject: |
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| itaewonguy wrote: |
| chiaa wrote: |
| endofthewor1d wrote: |
if you find anything out, let me know. i'm looking into opening a bar myself. i'm married to a korean, so i don't think i'll have to go through a lot of red tape. but i don't know the first thing about owning a bar.
but the good news is that i don't have a lot of money just yet either, so i've got a lot of time to learn. |
If you are on an F-2 visa you cannot work at a bar. It's one of the few places you cannot work on that visa.
I do not know if that's the case with an F-5 |
you sure about that dude?
I believe the F2 lets a foreigner work just like a korean man!
restaurant, bar, mac donalds, cafe, kimbab shop!
doesnt make any sense not being able to work in a bar!
who told you this? |
When I was getting my f-2!
the told me this.
They said, Mr. chiaa you cannot work in a bar.
If you think about the reason it will make sense.
Vietnamese wife no longer wanted and husband can make her work in a bar as a hostess!
I am 100% sure of this.
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chiaa
Joined: 23 Aug 2003
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| Posted: Sun Apr 23, 2006 5:48 pm Post subject: |
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| chotaerang wrote: |
| At the foriegn help center at city hall there's a small office that gives out booklets and advice about starting businesses in Southy. The chief, whose English name is Simon, is a helpful guy. Best of luck and be careful out there. It's a different world from the English teaching one. |
I have heard the same exact things from people who have gone there to ask questions. |
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Cohiba
Joined: 01 Feb 2005
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| Posted: Sun Apr 23, 2006 6:14 pm Post subject: Visa |
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What you need is an F2-1/S1 visa. The S1 suffix allows
you to work anywhere except a hagwon.
As for starting your own business.....be careful. You will
die a painful death if you start a business that depends on
foreigners. Foreigners in Korea stick together like similar
ends of a magnet.
I would like to start a "non-German" beer microbrewery/bar
in Incheon. It would take between 250 and 300 million won
to get going. It is possible to get backing, but I have been
burned before in the Korean business world.
I think the stupidest of all ideas is foreigners who want to open
their own hagwon. To do this you would need to spend 100 to 200
million on a building, reno work etc. Having a white face does not
guarantee anything any more. Ajumas want to see modern decor,
cameras etc. Why invest all this when you can make 50,000 an hour
going to their apartments. No overhead, no staff problems, no
government interference. |
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seoul_nhl
Joined: 18 Mar 2006
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| Posted: Tue Apr 25, 2006 4:00 am Post subject: Reply about starting up a business! |
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I'm not married to a Korean. I've been teach in korea for a couple of years. What I have is $? So, I guess my option is the F2 visa???
if anyone has any more info my email is [email protected]
cheers |
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endofthewor1d
Joined: 01 Apr 2003
Location: the end of the wor1d.
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| Posted: Tue Apr 25, 2006 4:04 am Post subject: Re: Reply about starting up a business! |
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| seoul_nhl wrote: |
| I'm not married to a Korean. I'm been teach in korea for a couple of years. What I have is $? So, I guess my option is the F2 visa??? |
dude, what exactly do you teach? i don't want to get on your case and pounce on you for a bit of bad grammar or the odd spelling mistake, but i honestly don't understand what you're talking about here. |
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rapier
Joined: 16 Feb 2003
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| Posted: Tue Apr 25, 2006 7:04 am Post subject: |
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A hairdressers catering to foreigners would do a roaring trade in Itaewon. I mean, just imagine a hairstylist who was au fait with Western norms and styles- knew immediately what a trim or short back and sides was etc. someone to cater to our western ladies...who wouldn't dye the wrong colour, take off 1cm instead of 1cm. or leave your heair singed and falling out.
I see a couple of wayguks have started such a business in incheon, also there is a reasonable Korean owned salon above burger king. They don't do a perfect job, but certainly a lot better than the inevitable butchering/ disaster you can expect from a normal korean place. (This is often the case if you aren't absolutely fluent in Korean). |
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