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South Korea: Corporate income tax is charged at 10 percent on the first KRW 200 million of taxable income

A change recorded in WONE Global’s guide to South Korea, under tax and reporting.

WONE Global's guide to South Korea records this change under tax and reporting. Each statement below has been checked against the source it links to.

  1. Corporate income tax is charged at 10 percent on the first KRW 200 million of taxable income, 20 percent up to KRW 20 billion, 22 percent up to KRW 300 billion and 25 percent above that.

    Fiscal years starting on or after 1 January 2026; excludes local income tax.

    PwC Worldwide Tax Summaries · Korea, Republic of - Corporate - Taxes on corporate income ↗ Checked against a secondary source · Not yet professionally reviewed · checked 19 October 2026

This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in South Korea can advise on that.