Business registration steps, required documents and industry checks: the first paperwork of starting a business in Korea, including filing on Hometax yourself.
With 14 days left until the May 15, 4 PM deadline for "Startup for Everyone," we've prioritized 7 checkpoints to handle the application surge (510,000 cumulative visitors, 8,720 idea submissions) and make the final 5,000.
We compare the eligibility and evaluation criteria of the 4,000-person general/tech track and the 1,000-person local track for "Startup for Everyone," and offer a framework for choosing the right track for your idea.
6 principles for writing your "Startup for Everyone" business plan around the government's 4 evaluation axes. We give you a step-by-step method: a one-line definition, market figures, founder capability, a comparison table, milestones, and evidence of validation.
A full rundown of the 2026 "Startup for Everyone" project. Based on official sources, we cover eligibility, stage-by-stage funding (2 million to 1 billion won), the schedule (through May 15), and how it differs from existing startup support programs.
Registering a business at your home address can raise your health insurance premiums, expose personal information, lower client trust, and more — 5 real problems. We explain how a virtual office solves them.
We compare how much freelancers and solo founders can save on taxes by registering a business with a virtual office, versus using a home address.
Registering a business using a virtual office is a legal method grounded in the VAT Act. Based on the latest 2026 standards, we lay out the line between legal and risky, plus the 4 essential conditions.
Lost or damaged your business registration certificate? We cover how to reissue it via Hometax, Sontax, and the tax office. Learn the difference from a registration verification document, agent issuance, and fees — all in one place.
We've rounded up 9 categories of expenses sole proprietors can deduct. Check whether virtual office rent is deductible too, along with the criteria updated for 2026.
How should you handle your business address when starting out as a Smartstore or Coupang seller? We cover everything from business registration and e-commerce business filing to address-disclosure obligations and how to use a virtual office.
We walk you step by step through two things every new business should do early on: separating your business card from your personal card, and registering it on Hometax. Just splitting your cards makes tax filing easier, and registering on Hometax auto-syncs your spending so VAT and comprehensive income tax expense handling becomes far simpler.
When a business pays in cash, you should enter your business registration number instead of a phone number to get a cash receipt "for expense proof," which makes VAT refunds possible. A single wrong entry can mean tens to hundreds of thousands of won in taxes each year. If you issue a dedicated card on Hometax, you can handle it easily without entering a number every time. If you miss one, register it on Hometax quickly, and make it a habit to check your issuance history regularly.
Unlike a corporation, a sole proprietorship usually isn't kept alive by simply changing the name on it — instead, the existing business is wound down and a new registration is filed under the new owner. This article explains how a change of ownership for a sole proprietorship actually works, why the close-and-re-register route is necessary, and what to check before you proceed.
We've laid out the basics of VAT and how to file it — essential knowledge for any business owner. From the difference between general and simplified taxation, to how sales and purchase VAT are calculated, to why you still need to file even with zero sales. Even first-time founders can grasp the essentials of VAT from this single article.
A full roundup of government support programs for prospective founders in 2026. From the Pre-Startup Package and Early-Stage Startup Package to stage-by-stage programs and application timing — see it all at a glance.
"Don't I get to skip year-end tax settlement?" If you're a sole proprietor or freelancer, you've probably wondered this at least once. From who needs to file to which deductions apply, we've answered the most confusing questions about comprehensive income tax in a simple Q&A.