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
When conducting due diligence or partnering with companies in South Korea, it is important to understand the Corporate Registration Number (CRN), known in Korean as 법인등록번호 (beobin-deung-rok beon-ho). This number is distinct from the Business Registration Number (사업자번호) and serves a different legal purpose. What is a Corporate Registration Number? The Corporate Registration Number is … Read more
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