Korea’s Proposed 21% Flat Tax for Foreigners: Break-Even Is About ₩156M (2027)
Korea’s bill would raise the foreigner flat income tax from 19% to 21% (EY: income from 2027). My model shows flat beats regular rates above about ₩156M.
foreign workers korea
Why My Coworker Never Walks Into a Bank to Send Money Home From Korea
Sending 500,000 won home from Korea costs 4x more by bank wire than by Hanpass, GME, or E9Pay. Here is the real fee and FX-spread math for 2026.
Do Foreigners Get Severance Pay in Korea? Here’s the Full Process
Yes, foreign workers get severance pay in Korea after one year. Here’s the 14-day rule, the IRP exception, E-9/H-2 insurance, and $5,000 wire threshold.