Companies seeking to do business in the ROK should obtain professional advice on the local taxation system. Businesses operating in the ROK will be subject to a range of taxes including corporation tax which contains three types of taxable income:

  • income of each business year
  • liquidation income
  • capital gains from the transfer of property.

Up-to-date information regarding the taxation system and current rates of taxation in the ROK can be found on the Invest Korea website.