Business vs. Corporate Registration Numbers (South Korea)

Foreign investors and business partners often encounter two different identifiers when working with Korean companies: the Business Registration Number (사업자번호) and the Corporate Registration Number (법인등록번호). While they may appear similar, they serve distinct purposes in the South Korean business and legal system. Understanding the difference is essential for effective due diligence, compliance, and contract … Read more

Business Registration Number (사업자번호)

When expanding into South Korea or engaging with local Korean companies, one of the first identifiers you will encounter is the Business Registration Number (BRN), known in Korean as 사업자번호 (sa-eop-ja beon-ho). This 10-digit number plays a central role in the country’s business and tax system, much like a Tax Identification Number (TIN) in the … Read more