Korean Tax Blog

**Keywords:** New External Audit Act, Limited Liability Companies, Korean Companies, Financial Transparency, Joint-stock Companies,...

As an expat in Korea or living abroad, understanding the Korean tax system can be a daunting task. This guide aims to simplify the...

* Please check the above details in your area when you do your business. Today, we'll delve into the tax-related matters concerning...

I would like to explain some concepts necessary to understand the 'capital stock' of a corporation before revealing the minimum capital....

Foreign direct investment (FDI) in Korea requires a specific procedure. The crux of this procedure is the 'Foreign Investment Promotion...

The establishment of a Limited Liability Company (LLC) in Korea involves a spectrum of considerations, chief among them being the...

As an expat in Korea, you might be wondering why you need to switch from the traditional method of issuing paper tax invoices to the...

In Korea, a personal seal certificate is more than just a piece of paper; it's a crucial legal tool for a variety of transactions. This...

One of my friends send me an email with a VAT bill issued by the tax office he belonged. *He told me it seems like wrong since he didn't...

I met a restaurant owner who drive a Diesel SUV tuned the rear seat as a cargo. He used to fill her up at the SK station near his...