Doing Business
in Korea

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

Starting a business is an exciting journey, especially in a vibrant market like South Korea. Whether you’re launching a small startup in...