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Everyday Money & Tax, a guide from daily money problems to tax planning and inheritance

Money problems usually cost people not because the rules are secret but because nobody says where to look. Here we work through everyday money questions and the tax rules behind them, case by case.

We cover practical ground - exchanging damaged banknotes, reading the small print, deposits and loans, card benefits and spending - alongside year-end tax settlement and deductions, inheritance and gift tax, business succession relief, property taxes, and how the self-employed and creators file.

Rules change every year, and not noticing is itself a cost. We set out what changed, when it takes effect, and what that means you should be doing this year, with the deadlines attached.

125 posts

No infographics are available in the current language, so infographics in all languages are shown.

Late applications receive a 5% reduction in the calculated benefit. Earned Income Tax Credit: Apply Late by December 1
The preventive type offers up to 120,000 points over two years, while the management type offers up to 80,000 in one year. Healthy Lifestyle Incentives: 120,000 Points and Eligibility
The preferential rate of up to 4.5% a year before tax requires meeting conditions such as account tenure and time without homeownership. Youth Housing Dream Account: Proposed KRW 70M Income Cap
Compounding comes from reinvesting returns, not from reaching ₩100 million. Saving 100 Million Won: Timeline and When to Invest
Reproducing the Korean joint-ownership tax calculation requires explicit ownership shares and exemption assumptions. Real Estate Tax Comparison: Korea vs. California
Compare jeonse and monthly rent by calculating monthly costs, including loan interest and maintenance fees. Seoul Low-Rise Housing Supply Drop: Rents and How to Respond
Whether home sharing helps cover living costs in later life depends on net income and tax and health insurance conditions. Home Sharing Taxes and Lease Terms for Single-Home Owners
Start with cash so children can practice counting what remains after spending. Elementary School Allowance: Cash or Card?
Distinguish deductions for personal spending from proof of business expenses. Cash Receipt Phone Number Registration and Deduction Check
Check monetary claims and distinguish different risks before weighing each asset’s potential losses. Asset Allocation Criteria for Cash, Gold, Silver and Bitcoin
After three or more consecutive months abroad, check whether you qualify for a medical insurance premium refund. Indemnity Health Insurance Abroad: First-Gen Exceptions
You cannot claim both an income deduction and a tax credit for the same rent payment. Rent Cash Receipt: Tenant Application and Deduction Rules
The government’s initiative does not mean every brokerage will pay interest. IPO Subscription Deposit Interest: Daishin Securities Rules
Compare the total cost of cash exchange and card payment for the same amount in local currency. Foreign Transaction Fees: 3 Ways to Pay Less
Choose a card based on your ability to repay and your usage history, not a promised score increase. Credit Score Guidelines for Debit and Credit Card Use
Before choosing a parking account, check when interest is paid, which rate applies, and the protection and withdrawal terms. Parking Account Daily Interest and Deposit Protection
Check HUG's official notice for the actual application dates and required documents. Jeonse and Monthly Rent Security Trust: ₩2 Billion Home Cap
Cash-income redistribution measures do not directly capture the value of health care and education or wealth gaps. South Korea Income Redistribution: 28th in OECD 2026 Release
VAT-exempt creators must still check their income tax and business status filing obligations. YouTuber Taxes: Registration and VAT Exemption Criteria
The 81.3% household debt ratio for the end of Q2 2026 is an estimate based on combined statistics, not an official figure. Korea Household Debt Ratio: 81.3% Estimate and Why It Fell
Financial transactions in the deceased person’s name are automatically restricted the day after a death report is received. Financial Transactions Blocked Day After Death Registration
When overseas earnings are reinvested abroad, a current account surplus does not immediately create demand for yen. Why the Yen Stays Weak Despite 2026 Rate Hikes
If income is irregular, recalculate what you can invest based on the money needed until your next payment. 30-Minute Payday Money Management Routine for Employees
Closing the account generally means losing the membership period and payment history already built up. Housing Subscription Savings Account: Cancel or Keep in 2026