Questions tagged [korea]

Chloe_martinez_explorer Sat Mar 30 2024 | 7 answers 1803

I'm sorry, I'm not quite sure about the tax regulations in Korea. I'm a foreigner and I'm planning to visit Korea soon. I want to know if foreigners need to pay tax when they're in Korea? Also, could you please tell me what kind of income is taxable in Korea and what the tax rates are? Thank you very much for your help.

Riccardo Sat Mar 30 2024 | 6 answers 1323

Excuse me, I'm a bit confused. I'm planning to leave Korea soon, and I was wondering if it's okay to do so without my Alien Registration Card, or 'ARC' as it's commonly called. I've heard different things from different people, some saying it's not a problem, while others claiming it's absolutely necessary. Could you please clarify this matter for me? Is it permissible to depart Korea without my ARC, or am I required to have it in my possession at all times? Thank you for your time and assistance.

BusanBeauty Sat Mar 30 2024 | 5 answers 1607

Excuse me, I'm curious about Korean culture and etiquette. I understand that in many cultures, there are certain taboos or customs regarding gifts. I was wondering if there are any similar gift taboos in Korea? For example, are there any types of gifts that are considered inappropriate or offensive? Or are there any specific occasions where giving gifts is not customary? I'd appreciate it if you could provide some insight into this matter.

Caterina Sat Mar 30 2024 | 6 answers 1604

Could you possibly provide me with some insight on the level of income tax in Korea? I've been considering relocating to the country and am curious about the financial implications of such a move. Is the tax rate considered high compared to other developed nations? Are there any specific income brackets or exemptions that I should be aware of? Additionally, are there any tax planning strategies that are commonly employed by residents to minimize their tax burden? I appreciate your time and expertise in this matter.

Michele Sat Mar 30 2024 | 6 answers 1156

I'm a foreigner who has been living in Korea for a few years now, and I'm considering purchasing a property here. However, I'm not entirely sure if foreigners are allowed to buy houses in Korea. Could you please clarify this matter for me? I've heard that there might be some restrictions or specific requirements that need to be met. Could you also inform me about the process of purchasing a property in Korea as a foreigner? I'm particularly interested in the legal aspects, such as obtaining a property license or registering the property in my name. Thank you in advance for your help.