Baker Tilly and 123 Factory Enter Strategic Partnership

Entering the German and European markets offers significant opportunities for Korean companies, but often involves complex legal, tax, and operational challenges. To facilitate this process, Baker Tilly and the Berlin-based start-up accelerator 123 Factory have entered into a strategic partnership. The aim is to provide targeted support to Korean start-ups, scale-ups, and established businesses with their market entry and ongoing expansion in Europe. 

Both partners bring complementary expertise to the collaboration: 123 Factory supports innovation-driven Korean companies with market entry, business development, localization, strategic partnerships, investment preparation, and access to relevant networks and ecosystems. 

Baker Tilly complements this offering with comprehensive advisory services in legal, tax, accounting, audit, corporate services, and compliance. Through the Korea Desk, clients also have access to experienced professionals who can provide advisory services entirely in Korean when needed. 

By signing a Memorandum of Understanding, both partners have established the framework for their collaboration. The next step is to bring this partnership to life through concrete projects and initiatives, making it even easier for Korean companies to access the European market.