When you just need the number
Calculations with awkward rules, done from a few inputs. Every calculator shows its assumptions and the date its rules were checked.
Guides
- Buying property in Korea as a foreignerForeigners can own Korean property outright, and pay exactly the same taxes as Koreans.
- Moving money from China to buy a home in Korea — legallyMany buyers assume the USD 50,000 annual quota can fund a Korean home.
- The foreigner land-transaction permit, explainedSince August 2025 a foreigner cannot buy housing in Seoul, most of Gyeonggi or central Incheon without a district-office permit that commits them to living in it.
- Bringing money into Korea for a property purchaseThe money side of a Korean purchase has two traps: a foreign-exchange report that non-residents must file before the funds land, and transfer costs that quietly eat 1–3% of the amount.
- Can a foreigner get a mortgage in Korea?Yes, if you live and earn in Korea.
- Every tax on a Korean property, from purchase to saleKorea taxes property in four moments: when you buy, every year you hold, when it earns rent, and when you sell.
Korea finance & tax
- Korea salary after taxEnter your gross annual salary and see what actually lands in your account each month, with each deduction your employer withholds shown separately.
- 19% flat tax vs progressiveFor 20 years after starting work in Korea, foreign employees may elect a flat 19% rate on gross pay, giving up all deductions.
- Korea severance pay calculator (퇴직금)Anyone employed in Korea for a year or more is owed severance.
- Unused annual leave payUnused annual leave in Korea is paid out in cash.
- Cost of hiring an employeeBeyond salary, Korean employers pay their own share of four social insurances — typically about 10% on top of gross pay.
- Comprehensive income tax (종합소득세)What freelancers and sole proprietors in Korea owe each May: revenue minus expenses and deductions, taxed at progressive rates of 6–45%.
- Home acquisition tax (취득세)Everything you owe at closing when buying a home in Korea: acquisition tax plus its two surtaxes.
- Total cost of buying a home in KoreaWhat you need on top of the price.
- Real estate agent fee (중개수수료)Korean agent fees are capped by law per price bracket and negotiated below the cap.
- Capital gains tax on a home (양도세)Tax on the profit from selling a home in Korea.
- Annual property holding taxTwo yearly taxes on owning a home in Korea: property tax for everyone, and comprehensive real estate tax only when assessed value exceeds the deduction (1.2B for a single home).
- Jeonse → monthly rentKorean landlords can convert part of a jeonse deposit into monthly rent, but the law caps the conversion rate at the Bank of Korea base rate plus 2 points.
- Jeonse loan limitJeonse loans are capped by the guarantee provider: 80–90% of the deposit, up to a per-provider ceiling, whichever is lower.
- Housing subscription score (청약 가점)The score that ranks applicants for new apartments in Korea: up to 32 for years without a home, 35 for dependents, 17 for account age — 84 total.
- Gift tax (증여세)Tax on receiving assets from family in Korea.
- Inheritance tax (상속세)Korea taxes the whole estate (not each heir): estate minus debts and deductions, at 10–50%.
- Loan prepayment fee (중도상환수수료)Korean lenders charge a fee for early repayment that shrinks linearly over the fee period — usually zero after three years.
- Korean VAT calculator (부가가치세)Korean VAT is a flat 10%.
- Tourist tax refundTourists get part of Korea's 10% VAT back on purchases over KRW 30,000.
Finance basics
- Loan paymentEqual monthly payments (amortizing) — see what you pay each month and how much of it is interest over the life of the loan.