2018 Korean Social Security Rates

Korean social security system consists of national pension, national health insurance, unemployment insurance and workplace injury insurance. Except for some special cases, it is mandatory to enroll for those social securities in Korea for the salaried employees. The social security contributions are subject to be withheld when salary income is paid. For 2018, Korean social […]

Business Income vs. Other Income

We receive so many questions on this. The relevant Korean Income Tax Law specifically describes the types of business and other income. Types of Business Income (Article 19, Income Tax Act) Income from agriculture, forestry and fishing businesses Income from mining and manufacturing businesses Income from electricity, gas, steam and water supply businesses Income from […]