Our international credit reports give you a clear picture of a company's financial health, legal status, and business practices, helping you make smart and informed decisions. To help you make the most informed business decisions, we strive to offer our clients the best possible sources of international data.
South Korean data at your fingertips
South Korean credit data
To help you make the most informed business decisions, we strive to offer our clients the best possible sources of international data. Creditsafe has built a comprehensive database with reliable sources, ensuring the highest quality business data in South Korea.
We offer accurate business data sourced from our extensive database, ensuring complete ownership and reliability of the information. Creditsafe provides access to detailed South Korean business credit reports covering active companies. These reports are essential for understanding a company's financial health, stability, and compliance in South Korea. Whether you're exploring new partnerships, assessing risks, or planning investments, our South Korean credit reports provide the insights you need to make informed decisions in this influential market.
What’s included in a South Korean credit report
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Credit scores & limits
Our reports include a credit score predicting the probability of default within three years and a credit limit based on cash flow, operating income, and credit rating.
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Financial Data
Derived from public announcements and other private sources.
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Negative Data
Includes tax defaults, short-term overdue, default and guarantee, and bankruptcies/insolvencies sourced from Korea Credit Information Service.
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Legal Information
Activeness from National Tax Service and private sources for shareholder data.
How Often is Data Updated?
Our core data undergoes regular updates to ensure relevance and accuracy. Negative data, including tax defaults and insolvencies, is updated in real time.
Tax Numbers and Filing Requirements in South Korea
- Tax Numbers: Local registration number (13 digits) and Tax number (10 digits) are available, and companies are obliged to file a Tax number.
- Filing Requirements: Public and externally audited companies must file financial data within three months of the financial year-end. Self-employed companies with small sales amounts are not required to file. Failure to comply results in additional taxes of 20-30%. The data is sourced from annual reports for large companies and private sources for smaller companies.
Our Data Sources
Creditsafe aggregates data from authoritative sources including public announcements, Korea Credit Information Service, and private sources. This multi-sourced approach ensures the reliability and accuracy of our reports, offering clients a clear understanding of the entities they engage with.
Local Business Classifications
Companies are categorized based on size classes determined by average sales and total assets, aiding in assessing the scale and financial stability of businesses across different sectors. For example, manufacturing companies with average sales under KRW 150 billion are considered small and medium enterprises, with additional thresholds for small enterprises.
Registered & Law Information
South Korean companies must comply with several key regulations, including the Value-Added Tax Act for business registrations, the Commercial Act for corporate registration, and the Corporate Tax Act and Income Tax Act for financial filing requirements.
South Korean company monitoring
Our Monitoring service is available in 47 countries and offers customizable alerts on key company events like credit risk indicators, financials, and director details. Accessible through Creditsafe Connect API or our web-based service, Monitoring provides timely updates, helping you identify risks and opportunities precisely when needed.
We compile data from thousands of global sources, including official registries and trusted partners, with event types varying by region due to local data availability and filing requirements.
In South Korea we offer insights into:
- Company registration details
- Company status
- Local credit score
- Company financials
This information helps you to stay informed about critical updates for South Korean companies.
Whether you are looking to expand into the Vietnamese market or assess existing partners, our South Korean credit reports provide the essential data needed for confident business decisions.