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Simplify Your Business Expense Management (2) : Way to get Cash receipt If you are only using a company credit card for your business purchase, you can skip this post. However, if you are paying in cash sometimes, transferring money through the bank system, or using a platform (e.g., Naver Pay), you should definitely check this post to reduce your taxes. 1]Only four kinds of receipts are recognized as proper receipts by law. There are four types of legally recognize.. 더보기
What will be the minimum wage in Korea for 2025? (How much should a company pay when hiring an employee at minimum wage? The minimum wage for 2025 has been set at 10,030 KRW ($7.30) per hour, exceeding 10,000 KRW for the first time. This represents a 1.7% increase from the minimum wage of 9,860 KRW in 2024. If you are an owner of the business it's not the happies news cause as minimum wage increased, the burden of salary and social insurance for employer's would be increased. when company hire an employee, company.. 더보기
How to Gift Money to Your Children with Minimal Tax Impact! In Korea, the gift tax rates are extremely high.it's taxes have the tax rate range of 10% to 50%. It starts at 10%, which is relatively low. However, when the tax base (the given amounts) exceeds 3,000,000,000 KRW, a 50% tax rate is applied to the amounts over this threshold. Yes, half of the amounts are taxed. If you give 10,000,000,000 KRW to your children in Korea, 500,000,000 KRW should be p.. 더보기

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