A foreign taxpayer discovered that funds in a Korean bank account had been collected by the NTS after leaving Korea. See how the assessment was reviewed, challenged and resolved.
Author Archives: koreantaxexpert
20
Feb
Feb
Learn how to open a corporate bank account in Korea, including required documents, KYC, beneficial-owner checks and transaction-limit issues.
Confirmed 2026 Korea social insurance contribution rates for employers and HR teams, covering National Pension, health insurance, long-term care, employment insurance and workers’ compensation.
Set up a company in Korea with confidence. This guide explains Korean subsidiary and branch registration, payroll services, tax compliance, and labor law.
Pricing Approach, Audit in Korea, Required Documents for Company Set-up
Company Registration in Korea: Incorporation Fees, Legal Process & Setup Guide
14
Mar
Mar
Looking to start a business in Korea? Our experts provide complete support for company registration in Korea, including fees, legal process, and tax compliance. Get fast, reliable, and fully compliant incorporation services.
Pricing Approach, Accounting and Bookkeeping in Korea, Doing Business in Korea
Bookkeeping Services in Korea | Expert Payroll & Tax Support for Foreign Corporations
14
Mar
Mar
Discover Korean bookkeeping and payroll services tailored for foreign corporations. Ensure tax compliance, accurate reporting, and bilingual support.
Master Korean tax deadlines for 2025 with this compliance guide. Learn key filing dates for corporate tax, VAT, payroll, and other obligations to ensure your business stays compliant in Korea.
18
Nov
Nov
South Korea has 16 public holidays in 2025, offering ample opportunities for rest and relaxation. The holidays range from national celebrations to traditional festivals. Let’s dive into the list! 2025 Public Holidays New Year’s Day: Wednesday, January 1 The first day of the year is celebrated nationwide as a time for reflection and renewal. […]
Foreign-invested companies in Korea must file VAT and corporate tax on time. Even without revenue, compliance is mandatory to avoid fines and forced closure.
Discover why accounting and bookkeeping services are essential in Korea. Ensure compliance with K-GAAP, audits, and tax obligations while focusing on business growth.
Check the 2026 external audit requirements in Korea, including asset, revenue, liability, employee and limited-company thresholds.
02
Aug
Aug
On one of the hottest summer days in 2024 — during what felt like the longest heatwave ever in Korea — we gathered in the cool of our conference room for another important discussion. The heat outside wasn’t going to slow us down. Who was there? Mrs. Kang – Chief Partner at Star Law […]
Establishing a Limited Liability Company (LLC) in Korea is a common choice for foreign investors due to its less stringent disclosure obligations and restricted share trading. Below is a concise guide outlining the necessary documents and the responsible parties for each step in the process when foreign investors are injecting capital. Initial Requirements Provide Office […]
The image is sourced from the National Health Insurance Service (NHIS) of Korea. For more detailed information, you can visit their official website. In Korea, both employees and employers contribute to several social insurance programs designed to provide financial security and support for workers. For 2024, these contributions are distributed across […]
2026 Korea income tax rates for foreign employees, including progressive brackets, the 19% flat-tax option, local income tax and employer-administered Year-End Tax Settlement.