Taxes in Korea

/Tag: Taxes in Korea

How I Saved 4,000,000 won in Income Tax Payments

By | 2018-10-25T13:52:50+00:00 October 25th, 2018|Categories: Korean Business Information|Tags: , , , |

So recently, I was travelling around South Korea with my wife for our babymoon and I received a call while we were doing our laundry in Tong-Yeong (통용). Tong-Yeong is at the very southern area of South Korea. It is connected to Geoje-Island and is famous for Chungmu-Kimbap (충무 김밥), has lovely seafood, and has beautiful [...]

Doing Taxes For Your Business in Korea

By | 2017-07-28T15:43:28+00:00 July 31st, 2017|Categories: Experience, Korean Business Information, Thoughts|Tags: , , |

One of the benefits of operating a small business in South Korea is the fact that you pay less taxes than when you are employed by a company or a Hagwon in Korea. There have been years where I somehow paid less than 1% of what I earned for my taxes for the year as a [...]