Seoul preview

South Korea

Korea has a similar tax system to many Western countries with taxes on both a national and provincial level. Depending on what you buy and what you do in Seoul (ie: are you working, accompanying your spouse, etc), you will be taxed accordingly. All foreign workers in Seoul will pay into the income tax system, and some will pay into pension plans and health insurance as well. Income tax is about 1.44% of your monthly income (unless you're a contractor, in which case it is 3.3% of your monthly income). Unlike pension plans, in which many expats get refunded when th…