Q: If it’s okay, I had a question regarding the tax office. When I first came to Korea in 2013, my hagwon boss told me not to worry about the taxes and that the employer usually takes care of it. But now I know 2017 was the first year I was registered. Is the tax office … Read more
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
Top 3 Benefits of Hiring Part-time staff in Korea Three types of employment in Korea which are common: regular worker, freelancer, part-timer. Part-timers are often used for a light duty work on a small time basis. Here, I focus on a part-timer working less than 60 hours for less than 2 month period. Benefits of … Read more
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. #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
Q: My family has precision tool business in the UK and I wish to have an affiliate in Korea. What is best way to form? Subsidiary or Branch? ANSWER: If you wish to set up a legal entity that is rooted (or funded) from the parent company, you have two options. Subsidiary and Branch Differences: … Read more
The Seoul Global Center is kicking off it’s business startup school again, and I’ll be teaching the tax portion. This is a great lecture series for anyone who wants to know how to startup a business in Korea.
Hello everyone, I will give basic Korean tax seminar (in Korean) at Seoul Global Center on 16th of October. This seminar is usually done in English but this time the target audiences are non-English speaking foreigners. Those who are interested in learning Korean business and tax, please fill out the application form and send it … Read more
The business startup school organized by the Seoul Global Center is accepting applications for its next term starting in September. This is a program I have participated in as an instructor for a few years now, and I will make sure you learn the essentials for accounting and tax for starting up your business in … Read more
Many foreign entrepreneurs and startups often ask me about Value Added Tax (VAT) in Korea. Well good news! I’ll be giving a free two day seminar courtesy of the Seoul Global Center next week on Tuesday 14 July & Thursday 16 July (7PM ~ 9PM). Download and submit this application to yeouidosmbiz@gmail.com
Christie Lee and the friendly team at Hana Tax are ready to help local Koreans, expats and English speakers simplify their Korean accounting.
