South Korea, is a sovereign state in East Asia constituting the southern part of the Korean Peninsula. South Koreans lead a distinctive urban lifestyle, with half of them living in high-rises concentrated in the Seoul Capital Area with 25 million residents.

Capital: Seoul

Currency: South Korean Won

Timezone: UTC+9

Corporate tax rate: 10-22%

Personal tax rate: 6-40%

Capital gains tax: 10-22%

VAT: 10%

Tax residence: 183 days rule: world income is taxed with some exceptions.

CFC Rules: Yes

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