Hey,
first of all, I would recommend to contact BMW Motorrad Seoul. Maybe they know how to get insurance. The owners, the brothers Kim, are really friendly, did assist long distance travellers including me in the past (not regarding the brand of the motorbike they travelled on) and speak really good english.
Website is http://bmwbike.co.kr/
Tel.: (02) 2279 7322
As to my experiences:
When I entered Korea in Sokcho, all Custum procedures (including buying an insurance) was done by the ferry company. The insurance office was, as far as I understood in the same building than the custom offices.
I did not have to apply for a korean number plate, but got a temporary one, which I did not have to mount at my bike. It was just a sheet of paper with a photocopy of kind of a circle with korean signs inside, topped with an original red stamp and hand written expiry date and the signature of someone. They laminated it and told me that I should carry the "number plate" with me at all times. I do not have a nationality sticker and they did not ask for one.
When I extended my import permit in Gwangju, I was send to an insurance office in town to buy new insurance (and they exchanged the "number plate")
But then again it turned out that I rode illegally in korea anyway, so maybe these procedures aren't correct as well.
Good luck!
Lars
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