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South Korea

Living, work, immigration, education & business — official links and practical guides

Key Facts

Currency
KRW
Region
East Asia
Population
51.75M
GDP (current US$)
$1.88T
GDP per capita
$36,239
Corporate tax
25%
VAT / GST
10%
Top income tax
45%
Capital gains
27.5%

Population & economy: World Bank Open Data (CC BY 4.0) · 2024

Tax & VAT: national tax authorities & OECD, cross-checked with PwC / KPMG summaries — verify the current rate before relying on it.

At a glance

A high-demand destination for study, tech work and culture, with a points-based residence track and a 2024 digital-nomad visa; Korean-language ability shapes daily life.

Best for

International students, employer-sponsored skilled professionals (E-7), and points-qualified long-term residents.

Main routes in

Key trade-offs

  • Korean-language ability strongly affects jobs and daily services.
  • Work visas are employer- and role-specific.
  • Housing usually needs a large jeonse/wolse deposit.

First steps

  1. 1 Secure a job offer or university admission (it sets your visa basis).
  2. 2 Apply for the visa, then get your Alien Registration Card via HiKorea.
  3. 3 Enrol in National Health Insurance (mandatory after 6 months).
  4. 4 Track your visa-type conditions and renewal dates on HiKorea.

Visa categories and the points system change — confirm on HiKorea and Korea’s immigration service.

Living

Work

Immigration & Mobility

Education

Business

Company Registration
Entity types, registration process, required documents, costs, and official registries.
Business Banking
Opening business and personal bank accounts, remote options, required documents, and fees.
Investment
Foreign investment rules, incentives, investment promotion agencies, and restricted sectors.
Tax System
Corporate tax, VAT/GST, personal income tax, capital gains, and filing obligations.
Import & Export
Customs procedures, duties, de minimis thresholds, EORI/registration, and restricted goods.
Trademark & IP
Trademark registration, patents, copyright, official IP offices, and filing costs.
Compliance
Corporate, tax, employment, data-protection, AML/KYC, trade and AI compliance — official regulators and registries.
Corporate Compliance
Annual filings, registered-agent and beneficial-ownership obligations, and the official company registry.
Tax Compliance
Filing calendars, registration thresholds and the official tax authority.
Employment Compliance
Mandatory contracts, payroll and social-insurance registration, and the official labor authority.
Privacy & Data Protection
The country's own data-protection regime, registration duties, and its official supervisory authority.
AML & KYC
Anti-money-laundering and customer-due-diligence obligations, regulated activities, and the official financial regulator.
Import & Export Compliance
Customs registration, controlled/restricted goods, sanctions screening, and the official customs authority.
AI Regulations
The country's own AI governance approach, risk tiers, transparency duties, and its official authority.

Official Resources