Not a Latitax destination
South Korea
Foreigners resident for 5 years or less in the last 10 are taxed on foreign-source income only if it is paid in or remitted to Korea, but the top rate is 49.5% with local tax and inheritance tax reaches 50%.
Income tax, top rate
Secondary49.5%
45% national rate plus 10% local income tax surcharge.
Source: PwC Worldwide Tax Summaries - Republic of Korea · checked 2026-09-29Capital gains
Secondary22-27.5% (major shareholders)
20%/25% national plus 10% local surcharge for major shareholders; listed shares held by minority shareholders are generally exempt.
Source: PwC Worldwide Tax Summaries - Republic of Korea · checked 2026-09-29Corporate
Secondary25%
Top national rate per PwC (reviewed June 2026), plus 10% local surcharge.
Source: PwC Worldwide Tax Summaries - Republic of Korea · checked 2026-09-29Inheritance
SecondaryUp to 50%
Source: PwC Worldwide Tax Summaries - Republic of Korea · checked 2026-09-29Wealth tax
SecondaryNone
No general net wealth tax; a comprehensive real estate holding tax applies to high-value property.
Source: PwC Worldwide Tax Summaries - Republic of Korea · checked 2026-09-29Looking for somewhere that works?
See the jurisdictions where a lawful move genuinely cuts tax.
See the right countries- s1PwC Worldwide Tax Summaries - Republic of Koreasecondary · checked 2026-09-29
- s2GOV.UK - Tax treatiesprimary · checked 2026-09-29