Korean Tax Blog

The Korean government would like to welcome you to the country if you would like to become an investor/businessperson here. All you have...

If you run a business in Korea, then you already know that the 25th of April marks the due date for your Q1 VAT payment. What many of you...

Some of my clients recently enquired about the interim payment of corporate income tax, global income tax, and VAT. I’d like to explain...

Copycat, or Mosquito~ Once, I heard about a bad principal. This principal betrayed an importer by terminating a verbal contract without...

In January 2014, the minimum wage was raised from W4,869 to W5,210 per hour. In 2015, it became 5,580 and, as I write this in 2016, the...

I have worked on a lot of cases regarding the Shareholders’ List for corporations (주식회사) and for limited liability companies (유한회사). This...

Are you still stuck on the idea of incorporating your company as a “주식회사 (jushik hoesa)?” In this type of company, you need to extend not...

It’s time to talk about VAT. You need to file and pay your company's VAT for the first half of the 2016 fiscal year by the 25th of July....

Over the years, I have gotten a lot of questions about Individual income tax; most frequently, expats ask about the year-end settlement...

I’d like to introduce the “Yellow Umbrella” Union for SME owners. It's basically a government-sponsored rainy-day fund for owners of...