Doing Business
in Korea

Value-added tax (VAT) is a fundamental aspect of business in South Korea. Whether you're a domestic company or a foreign business...

Many businesses are likely to overlook the tax implications while choosing their business structure.  How you choose your business setup...

If you’re visiting South Korea and planning to shop, you’ll be happy to know that you may be eligible for a tax refund on your...

In South Korea, whether you are a self-employed independent contractor or an employee, understanding your tax obligations is crucial. ...

For new business owners and CEOs, taxes can seem like a daunting subject. The complexities, deadlines, and legalities involved often make...

A simple question— What is your core responsibility as a business owner? You are there to lead, make strategic decisions, and make your...

Of course, getting a bonus is often a delightful moment for any worker.  It’s a reward for hard work, a recognition of contributions,...

Foreign workers who have income in Korea should file their year-end tax settlements for 2022 before February’s salary is paid. Foreign...

The New Year is here! I feel grateful to offer tax and accounting services for your Korean business! As the new fiscal year starts, I’d...

Q. Can a foreign-invested company redeem whole or part of its long-term loan within five years before maturity? A. Yes, early redemption...

Starting a company in South Korea is an exciting venture, but it comes with its fair share of administrative challenges. Navigating the...

S. Korea attracts USD 1.15 bn investment in chip, battery from seven NA firms Seven North American companies in the fields of chips,...

S. Korea unveils sweeping tax cut plan to spur corporate investment S. Korea plans to cut corporate and income taxes in a bid to...

Taxes in Korea are divided into national taxes imposed and collected by the central government and local taxes imposed and collected by...

Foreign workers who have income in Korea should file their year-end tax settlements for 2021 before February’s salary is paid. Foreign...

Taxpayer and Taxable Income The worker who is paid for providing work or service is a taxpayer and the relevant tax (payment, bonus) is...

Corporate tax is an income tax imposed on corporations. Taxpayer and Taxable Income Domestic corporations and foreign corporations who...

Value Added Tax (VAT) is a tax that is reported and paid for added value acquired in the process of providing goods and services* and...

All corporations must issue a tax invoice when supplying goods or services, which can be issued through Hometax; a website of the NTS.

Tax season in Korea is January - April so it is important to be proactive to ensure the highest standards of quality for your taxes,