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Foreigner flat tax 19% is ending?

Q: Hi Christie We have a Canadian candidate looking to come to Korea to work for my company in Daegu. (Foreign Direct Investment corporation) He wants to receive KRW200m base AFTER tax is paid. He will also get a discretionary bonus. What should we advise him? Also, does he qualify for foreigner 19% tax / how does … Read more

Part-timers usually do not pay any taxes.

Q: One of our part-timers, who is on an F visa, is asking for a raise because she said she’s having to pay too many taxes since she has a full-time job teaching at a university and another part-time job teaching yoga. (In my company, she is working as a part-time yoga instructor.) She only earns … Read more

Is tax different when married

Tax rate and Marriage Hi Christie, Firstly a quick clarification – I am thinking of switching to Spouse visa (F-6) from employment visa (E-7). Would that have any tax implications since I have in Korea for less than 5 years and elected to use expat flat rate which is more favorable? In other words, if … Read more

Korea Wire Transfer Limits? Question & Answer

Korea Wire Transfer Limits [International Wire Transfers] QUESTION: Is there a limit on how much I can transfer overseas from Korea as a foreigner before I have to report it? Hello Christie I have a quick question regarding international wire transfers. I have a Korean account. I plan to send money to my US bank … Read more

Lump-sum National pension refund when leaving Korea

Lump-sum National pension refund when leaving Korea. ‪#‎NationalPension‬ ‪#‎Socialsecurity‬ ‪#‎selfemploymenttax‬ ‪#‎pensionrefund‬ ‪#‎immigration‬ My American friend Jame had to take care of a lot of things (family, house etc.) while moving back to USA and forgot about the pension he contributed over years. Later, he got the refund by below process. There are three cases of … Read more