taxes Archives | Be Korea-savvy

S. Korea to Exempt Taxes on Foreigners’ Investment in Gov’t Bonds

WASHINGTON/SEOUL, Oct. 16 (Korea Bizwire) — South Korea plans to begin exempting taxes on interest income and capital gains from foreigners’ investment in government bonds this week, in line with efforts to cope with the volatility in the foreign exchange market, the finance ministry said Sunday. “The measures were needed amid the lingering volatility in [...]

Taxes Rose Faster than Wages over 5 Years: Study

SEOUL, Feb. 8 (Korea Bizwire) — Earned income taxes and social insurance contributions that are withheld at source rose faster than worker wages during the period from 2016 to 2021, a research institute said. According to an analysis of data from the Ministry of Employment and Labor by the Korea Economic Research Institute (KERI), the [...]