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Places to go and things to know in Korea

1,492 places picked by SPOT and practical guides from PAPATONY, in English, Korean, Japanese and Chinese.

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If a supplier won't issue a tax invoice, the buyer can issue it

Buyers in Korea left without a tax invoice can apply on Form No. 14-2 within a year of the tax period's end, for deals of ₩50,000 or more including VAT.

Tax & accounting6 min read

2027 minimum wage ₩10,700: notify workers by December 31, 2026

Korean employers must tell workers the 2027 minimum wage (₩10,700 an hour) and three other items by December 31, 2026, or face a fine of up to ₩1 million.

HR & labor6 min read

Mid-year hires and leavers: year-end tax settlement runs twice

Employers in Korea settle leavers in their final pay and issue a receipt, and new hires, foreign staff included, bring the old employer's receipt before February pay.

Tax & accounting6 min read

After withholding tax, pay 10% local income tax on Wetax by the 10th

Every company in Korea that withholds tax also collects 10% of the withheld amount as local income tax, filed on Wetax by the 10th of the next month.

Tax & accounting6 min read

Apply for R&D tax credit pre-review on Hometax before filing your return

Before filing, companies claiming Korea's R&D tax credit can apply on Hometax, and the NTS checks in advance whether all or some of their costs qualify.

Government support5 min read

Korea's five mandatory workplace training duties vary by industry and size

Five laws set the five statutory training duties for employers in Korea. Industry and headcount (5, 10 and 50 staff) decide which apply and how.

HR & labor6 min read

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