[Legal advisory] Equity financing legal advisory for foreign subsidiaries within Korea

Law firm Veat provides legal advice related to the capital increase of foreign subsidiaries in Korea, and performed the foreign exchange declaration execution for them. 

Especially during the process of conducting a capital increase for foreign subsidiaries in Korea, we provided specific guidance on the types and methods of reporting required, and performed the foreign exchange declaration execution. 

As in this case, when a foreign subsidiary in Korea undertakes a capital increase, even when the foreign affiliate invests in a Korean subsidiary in reverse, inevitably, there is movement of foreign currency or Korean won. Therefore, it is necessary to consult with experts who have extensive experience in foreign exchange issues. Failure to recognize the obligations prescribed in the foreign exchange law">, may result in notification to the investigative agency, penalties, etc. Even if they proceed, there may be delays in the approval of the report due to the submission of inadequate reporting documents, etc.