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South Korea

December 2 2008 at 12:53 PM
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  (Login bluebadboy)
from IP address 90.203.117.70

Has anyone every completed business with funds based in South Korea, Seoul region.

If so did you encounter any restrictions or regulations which you had to adhere to.

many thanks in advance

 
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(Login sapphirecapital)
98.182.24.40

SK

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December 2 2008, 1:43 PM 

all the time, a lot of money there, however the Central Bank has a good control grip, however never had a problem if the local counterpart is real, whenever there was a delay longer than 5 working days (which was usually advised well in advance as a possibility) the reason was serious, mostly misrepresentation from the SK area people. There is a grey area there but you very seldom hit it; beware of large amount transactions there (above 500M USD) there is a lot of red tape if the usual advance work has not been done.

 
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