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