contents

1. Taxpayer

a. Resident

A person who has a domicile or has resided in Korea for

one year or longer is subject to income tax on all income

derived from sources both within and outside Korea. Korean

public officials, directors and personnel engaged in overseas

service on behalf of an employer who is a Korean resident, or a

domestic company is deemed to be residents of Korea.

b. Non-resident

A person who is not a resident of Korea is deemed a

non-resident and is subject to income tax only on income derived

from sources within Korea.