Korea Visa & Permit Insights

Cancellation of Nonprofit Establishment Approval in Korea: Check Your Bylaws, Reports, and Public Disclosure Before It Becomes a Crisis

A nonprofit corporation in Korea is not finished once establishment approval is granted. Activities outside the stated purpose, violation of approval conditions, public-interest harm, long-term reporting omissions, unknown office location, and failure to disclose settlement documents may lead to cancellation of establishment approval and dissolution. Review your bylaws, approval certificate, reporting history, and disclosure duties before a cancellation notice arrives.

8/22/2026 · Sangjin Ji, Administrative Attorney

Can a Nonprofit Corporation Earn Money? 5 Things to Check Before Starting a Revenue-Generating Business

In Korea, “nonprofit” does not mean that a nonprofit corporation cannot earn revenue. It means that profits cannot be distributed to members. However, if a nonprofit corporation starts a cafe, paid education program, merchandise sales, rental business, or other revenue-generating activity, it must review bylaws, business registration, revenue business reporting, VAT, separate accounting, and designated-purpose reserves before starting.