Korea (Rep.): 2026 tax reforms introduce QDMTT, higher corporate tax
The Korea (Rep.)’s 2026 tax reforms, enacted following budget-related amendments approved in December 2025, introduce several changes to corporate and individual taxation. Corporate tax rates are increased by 1% in each of the four brackets,
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Korea (Rep): Ministry of Economy and Finance unveils tax incentives to boost domestic investment, FX stability
The Korea (Rep)’s Ministry of Economy and Finance announced tax support measures for domestic investment and foreign exchange (FX) stability, aimed at promoting the revitalisation of the domestic capital market and addressing structural
See MoreKorea (Rep.) issues 2025 MAP guidelines for international tax disputes
Korea (Rep.)’s National Tax Service (NTS) on 18 December 2025 published online the 2025 Guidelines for Requesting Mutual Agreement Procedure (MAP) Assistance, providing a comprehensive framework for resolving international tax disputes with treaty
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Taiwan: MoF launches anti-dumping probe on imported electromagnetic steel from Korea (Rep.), China
The Ministry of Finance announced an anti-dumping investigation into cold-rolled flat-rolled non-directional electromagnetic steel imported from Korea (Rep.) and mainland China on 15 December 2025. The Customs Administration of the Ministry of
See MoreKorea (Rep.): National Assembly approves corporate tax hike in new budget plan
The Korea (Rep.) National Assembly passed a series of budget-related amendment bills, including changes to the Corporate Tax Act that raise each of the four corporate tax brackets by 1%. Corporate Tax Rate Increase The National Assembly
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US reduces tariffs on Korea (Rep.) vehicles to 15%
The US will reduce import duties on Korea (Rep.) automobiles to 15%, retroactive to 1 November, aligning with the tariffs applied to Japan and the EU, Commerce Secretary Howard Lutnick announced on 2 December 2025. The measure follows last
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US: Trade deals with several countries pledge to avoid discriminatory treatment of US digital goods, services
The Trump Administration's trade framework agreements, announced this week by the White House, include commitments from Argentina (signed 13 November 2025), Ecuador (signed 13 November 2025), El Salvador (signed 13 November 2025), Guatemala (signed
See MoreUS, South Korea (Rep.) release fact sheet of trade deal
US President Donald Trump and Korea (Rep.) President Lee Jae Myung released a joint fact sheet regarding the signed trade and investment agreement between the two countries on 13 November 2025. The US and Korea (Rep.) signed a major trade
See MoreUS and Korea (Rep.) sign trade deal, reduces auto tariffs
RF Report The US and Korea (Rep.) signed a major trade agreement on 29 October 2025. The key aspect of this agreement is the reduction of US tariffs on automobiles and auto parts imported from Korea (Rep.), from 25% to 15%. In exchange for
See MoreKorea (Rep.): National Assembly proposes longer carryforward period for unused tech investment credits
The National Assembly is reviewing a bill to extend investment tax credit carryforwards from 10 to 20 years, effective retroactively from 2026. The Korean National Assembly is considering Bill No. 2212902 which proposes extending the
See MoreKorea (Rep.): National Assembly reviews proposal to amend international tax adjustment Act
The National Assembly is reviewing a bill to update rules under the International Tax Adjustment Act. The Korea (Rep.) National Assembly has accepted Bill No. 2212654 for review on 3 September 2025, aiming to partially amend the International Tax
See MoreKorea (Rep.), Bangladesh begin CEPA negotiations
Korea (Rep.) and Bangladesh began CEPA talks in Seoul to strengthen trade and economic ties. Korea (Rep.) and Bangladesh began official talks in Seoul from 25 to 27 August 2025, to negotiate a Comprehensive Economic Partnership Agreement
See MoreKorea (Rep.), Vietnam agree to strengthen economic cooperation
South Korea and Vietnam have agreed to deepen economic and strategic cooperation, targeting USD 150 billion in bilateral trade by 2030. Korea (Rep.) and Vietnam have agreed to enhance economic and strategic cooperation amid increasing global
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Korea (Rep.): Chipmakers Samsung and SK Hynix excluded from 100% US tariffs
Chip manufacturers Samsung and SK Hynix will be exempted from 100% US tariffs due to local investments and MFN trade status. Korea ( Rep.) semiconductor giants Samsung Electronics and SK Hynix are set to avoid the 100% tariffs on chip imports
See MoreKorea (Rep.) unveils 2025 tax revision bill, enhances R&D credits
The 2025 tax reform bill aims to bolster strategic industries and welfare by introducing targeted tax credits for R&D, AI, and K-content, while streamlining corporate and capital gains taxes. South Korea’s Ministry of Economy and Finance
See MoreKorea (Rep.): Ministry of Economy and Finance proposes corporate tax hikes, AI investment incentives, QDMTT Pillar Two rules
The proposals will require approval from the National Assembly before they can enter into force. The South Korean Ministry of Economy and Finance released the 2025 tax law amendment proposal, on 31 July 2025, which includes corporate tax hikes,
See MoreUS: Trump to set 15% tariff on South Korean imports under new trade deal
President Trump announced a reduced 15% tariff on South Korean imports, down from a planned 25%, as part of a new trade deal. US President Donald Trump announced a reduced 15% tariff on imports from South Korea on 30 July 2025, down from the
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Netherlands: Tax authority clarifies software distribution payments not royalties under Korea (Rep.) tax treaty
The royalty payments are exempt from withholding tax in Korea (Rep.), granting the Netherlands exclusive taxing rights over the income. The Netherlands tax authority clarified on 10 July 2025 that payments for software distribution licenses by a
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