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Korean Tax Seasons: Your Year-Round Compliance Calendar
Keeping up with taxes seems an ongoing responsibility that never goes off duty. Any accountant or business can relate to this as the taxation process involves monthly filing, quarterly reports, and a year-end closing scramble. In fact, it may seem like a 24/7 task, especially in South Korea, where tax duties have distinct, recurring peaks throughout the korean-tax-seasons-your-year-round-compliance-calendaryear. The fact is that although the tax tasks are year-long, their i
J&J Korea
14 minutes ago5 min read


Preparing for Tax Reform: Your Essential Guide
On July 31, 2025, South Korea’s Ministry of Economy and Finance issued a tax reform proposal. While it is still awaiting approval from the National Assembly, companies—particularly foreign entities—should start preparing for the likely new regulations. It helps them lower immediate tax risks as well as gives them a window to adjust operations before the new changes take effect. The scope of these reforms is broad and includes changes to the corporate income tax and complian
J&J Korea
Oct 144 min read


Korea’s 2025 Tax Reform Proposals – Key Highlights for International Businesses
Released by the Ministry of Economy and Finance on July 31, 2025, the 2025 tax reform proposal highlights significant changes regarding corporate, personal, indirect, and international taxation. Therefore, it is important for corporations, foreign investors, and multinational enterprises to stay updated on impactful changes awaiting legislative approval. The following summary outlines such proposals. 1. Corporate Income Tax Reform Rate Reversal: The proposal would raise the
J&J Korea
Oct 74 min read


Setting Up a Startup in South Korea
South Korea has become an ideal destination for aspiring entrepreneurs, thanks to its robust economy, infrastructural superiority, and...
J&J Korea
Sep 305 min read


How to Register an LLC in South Korea
Limited Liability Company or LLC is one of the most popular business structures in South Korea . An LLC has the characteristics of both a...
J&J Korea
Sep 224 min read


Navigating Q3 Bookkeeping for a Stress-Free Quarter
The end of the fiscal year is often a critical time to review the books of your company. However, the third quarter, or Q3, spanning July...
J&J Korea
Sep 184 min read
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