Country tax profile · 2026
South Korea wealth tax
None
annual net wealth tax
How South Korea treats wealth
No net wealth/net worth tax in Korea (annual property tax 0.07-5% on real estate exists separately).
✓ South Korea levies no annual wealth tax, your net worth is not taxed year on year.
Compiled by MyNomadWorld for South Korea and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How South Korea compares
183 of 197 countries we track have no annual net wealth tax. South Korea is one of them.
Who is a tax resident of South Korea?
Domicile in Korea, or residence in Korea for 183 days or more in a tax year (new consecutive 183-day two-year rule from 1 Jan 2026).
Related South Korea taxes
Moving to South Korea?
Get matched with a vetted South Korea tax & immigration advisor who handles residency and the exit from your current country.
See advisors →South Korea wealth tax FAQ
What is the wealth tax rate in South Korea?
No net wealth/net worth tax in Korea (annual property tax 0.07-5% on real estate exists separately).