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2 clusters · 4 sources · 5 days · First seen · Last updated

South Korean corporate tax exemption trends

Overview

A 2025 tax expenditure settlement report revealed that tax exemptions for major South Korean conglomerates surged by 81.8% to 4.27 trillion won, up from 2.35 trillion won in 2024. This growth was primarily driven by increased utilization of R&D tax credits and integrated investment tax credits, alongside a 136% increase in assets exempted through family business inheritance deductions.

In comparison, tax exemptions for small and medium-sized enterprises grew by only 4.3%. In response to these trends, the government has announced a 2026 tax reform plan intended to reorganize tax expenditure items and tighten requirements for family business inheritance deductions, aiming for a reduction of approximately 2.5 trillion won.

Entities

Ministry of Economy and Finance · South Korea · National Tax Service

Timeline

  1. 25 days ago

    [BUSINESS] 2 sources
    South Korea early-disburses 2.87 trillion won in tax credits

    South Korea's National Tax Service is early-disbursing 2.87 trillion won in Earned Income and Child Tax Credits to 2.7 million households.

  2. 29 days ago

    [BUSINESS] 3 sources
    South Korean conglomerate tax exemptions surge 81.8%

    Tax exemptions for South Korean conglomerates surged by 81.8% last year to 4.27 trillion won, significantly outpacing the 4.3% growth seen in exemptions for small and medium-sized enterprises.

Sources

biz.heraldcorp.com · blockchainseoul.kr · english.hani.co.kr · tfmedia.co.kr