Taxes
South Korea — Tax: Wealth Tax
Korea has no net wealth tax, but charges a comprehensive real estate holding tax and inheritance and gift taxes.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries — Korea, Individual, Other taxesLast reviewed: 2026-10-23
Key facts
- PwC states that no net wealth taxes exist in Korea at this time.
- Property owners pay the comprehensive real estate holding tax of 0.5% to 2.7% for two or fewer houses and 0.6% to 3.2% for three or more.
- Inheritance and gift taxes apply separately.
- Check the National Tax Service for current thresholds.