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 firstname.lastname@example.org
Hey Everyone! I just launched this site, and I am looking forward to sharing tips and information to help make your tax life in Korea easier. If you have any questions or ideas about a topic you would like me to blog about. Please leave them in the comments section below. Thanks! Christie