Why is Korea’s Legal Severance Pay So Important? How Does It Differ from Foreign Systems?
Severance pay in Korea isn’t just a farewell gift for employees—it’s a legal right and a financial safety net deeply rooted in the...
How Should Severance Pay Be Managed?
The question of how to handle severance pay is a crucial one for both employees and employers. Let's explore this topic from both...
Does the CEO Receive Severance Pay? Absolutely!
If you're a CEO wondering whether you're entitled to severance pay, the answer isn't as simple as it seems. Your eligibility depends on...
Korean Supreme Court Expands Scope of Regular Wages: Implications for Businesses
On December 19, 2024, the South Korean Supreme Court made a landmark ruling that conditional bonuses, such as regular bonuses tied to...
A Complete Guide to Personal Deductions in Korea
Navigating Korea’s tax system can seem complex, but understanding personal deductions can help reduce your taxable income and maximize...
New Changes in Cryptocurrency Valuation for Inheritance and Gift Tax in Korea
Starting from 2022, significant changes have been introduced to the valuation method for cryptocurrencies when they are inherited or...
Checklist for Maximizing Your Tax Refund During Year-End Settlement in Korea
Year-end tax settlement in Korea is a crucial time for employees, as it determines whether you owe additional taxes or qualify for a...
Essential Documents for an American Granddaughter to Inherit Korean Assets
When inheriting property or other assets from a Korean grandparent, navigating Korea's inheritance process can be challenging, especially...
Can Foreign Workers in Korea Claim Education Tax Deductions for Children Studying Abroad?
If you're a foreign worker in Korea with children studying abroad, you might wonder whether you can claim education tax deductions for...
Can a foreign resident in Korea claim a basic deduction for a spouse residing in their home country?
Yes, You Can! Even if the spouse does not live together in the country, if the spouse's annual income is less than 1 million won, a basic...
