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Letters from Family Office
Inheritance Tax in South Korea

Inheritance Tax in South Korea

The complexities of Korean inheritance tax

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Jaehong Lim
May 03, 2024
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Letters from Family Office
Inheritance Tax in South Korea
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The hot summer has arrived. Even on a day like today, when wearing a suit outside, we still have to listen to complaints from customers about inheritance taxes in Korea.

The Inheritance taxes in Korea are quite high. According to the industry, Korea has the second highest nominal tax rate among OECD member countries after Japan. However, in Japan, the ta…

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