Korean Tax Blog

Renters in Korea, especially salaried employees (급여생활자), can ease their tax burden through the Monthly Rent Tax Credit (월세액 세액공제). Think...

Acquiring an existing corporation in Korea involves several critical considerations to ensure a smooth transition and compliance with...

Expansion of Mandatory Electronic Tax Invoicing in South Korea: Lower Thresholds for Compliance Korea continues to advance its electronic...

Korea, an international business hub, offers a vibrant yet intricate banking system for non-residents and foreign companies. Navigating...

When a loved one passes away, inheriting and dividing their assets can be both an emotional and complex process. In Korea, cash assets...

As the end of the year approaches, startups in Korea must prepare for their annual financial closing. This process is not just about...

Starting a business in Korea can be an exciting yet complex process, especially for foreign investors. One of the key decisions to make...

In Korea, inheritance is not limited to the transfer of a deceased individual’s assets. It also encompasses their debts. For heirs, this...

Step-by-Step Guide 1. Eligibility Employees are eligible for severance pay if they have worked continuously for at least 1 year  under...

The end of the year is a critical period for small businesses in Korea, especially in the current challenging economic climate. Many...