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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

Sign Up for Business Startup School!

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

Welcome to Tax in Korea

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