Korean Tax Blog

Are you considering setting up a “주식회사 (Jushik Hoesa)” in Korea? While popular, this corporate structure involves extending directorship...

In a significant move towards enhancing foreign investment, South Korea is set to abolish the foreign investor registration system, a...

Starting a "교습소" (private institute) in Korea as a foreigner presents a unique blend of challenges and opportunities. South Korea's...

Introduction Navigating the complexities of share transfers in South Korea's corporate sector can be challenging, particularly for...

Introduction Welcome to the exciting journey of forming an entity in Korea! Whether you're a seasoned investor or a budding entrepreneur,...

In a significant ruling, the Supreme Court (case numbers 2018다21821 and 2018다25502) clarified the legal position on waiving the right to...

With significant inheritances expected to occur over the next 10 to 30 years due to the aging of baby boomers, there have been calls for...

Let's delve a bit deeper into the tax implications and responsibilities that come with inheriting an estate in Korea. It's an important...

Inheriting and registering an estate in Korea involves a structured process that requires adherence to specific legal procedures. It's...

In Korea, the inheritance of your estate is primarily governed by the Civil Act, which outlines a clear hierarchy of legal heirs. This...