Korean Tax Blog

Do Foreign Residents Need to Report Overseas Trusts in Korea? “I live in Korea but have a family trust or other trust arrangement overseas. Do I need to report it?” Starting in 2026, Korea introduced a new reporting requirement for certain overseas trusts. This rule may also apply to foreign residents living in Korea. However, the reporting obligation depends on individual circumstances, including Korean tax residency and the nature of the overseas trust. What Is the New Over

Do Foreigners Working Remotely in Korea Have to Pay Korean Tax? “I work for a foreign company, but I live and work remotely from Korea. Do I have to pay Korean tax?” This is becoming an increasingly common question among foreigners living in Korea. The answer depends on factors such as your tax residency, where you perform your work, and the nature of your employment and income. Working for a Foreign Company Doesn't Automatically Mean No Korean Tax Some people assume that if

Korea’s Exit Tax: What Foreigners Leaving Korea Need to Know “I’m planning to leave Korea and move abroad. Will I have to pay tax on the stocks I own?” If you are a foreigner living and working in Korea and planning to move abroad, it is important to understand Korea’s Exit Tax before you leave. What Is Korea’s Exit Tax? Korea’s Exit Tax may apply to unrealized gains on certain stocks and other assets when a person who meets specific requirements leaves Korea. In simple terms

Do Foreigners Have to Pay Gift Tax in Korea? “My parents want to send me money from overseas. Do I have to pay tax in Korea?” This is an important question for foreigners living in Korea, especially when receiving money or property from family members. The answer depends largely on your Korean tax residency status and where the gifted property is located. 1. Does Korea Have a Gift Tax? Yes. Korea imposes gift tax (증여세) when property or economic value is transferred to another