In the first week of October, brokerage apps in Korea started pushing alerts about year-end pension deposit events. The message is simple: three months remain before year-end tax settlement (연말정산)...
In the first week of October, brokerage apps in Korea started pushing alerts about year-end pension deposit events. The message is simple: three months remain before year-end tax settlement (연말정산)...
Put in KRW 100 million and KRW 1.25 million lands in your account every month. That is the usual pitch for a monthly dividend ETF (월배당 ETF) in Korea advertising a 15% annual distribution rate...
Put KRW 500,000 a month into a 7% installment savings account in Korea for a year: how much interest comes back? Many people picture 7% of the money paid in, KRW 420,000. With every bonus condition...
A newlywed couple in Korea earning KRW 40 million and KRW 50 million a year, with no children, cannot apply for a Bogeumjari Loan (보금자리론) today. Their combined KRW 90 million is above the KRW 85...
How much money did it take to win one extra share in a Korean IPO that pulled in KRW 6.7 trillion of deposits? A KOSDAQ offering that took orders on October 1 and 2 closed at 1,741 to 1 (Newspim...
In 2023 alone, 3.49 million freelancers and gig workers in Korea got back KRW 850.2 billion. That was withholding tax taken out of their pay at 3.3% and reclaimed the following May (Korea Tax Times...
You walk out of a neighborhood clinic after paying about KRW 20,000, and the Silson insurance (실손보험) claim gets pushed to “later”. Photographing the receipt and typing the clinic name and...
Search for the S&P 500 in a Korean brokerage app and the same index shows up twice: a version listed on the Korea Exchange and bought in won, and the original US ETF bought in dollars on a US...
Put KRW 10 million for a year into a parking account in Korea that advertises a top rate of 8%, and even with every bonus condition met the pre-tax interest comes to KRW 255,200, a real rate of 2.55%...
When you suddenly need a lump sum in Korea, which tax-advantaged account should you break first: the ISA, the pension savings account or the IRP? Each one lets money out in a different way, and each...
Hustling every day to learn about personal finance on my journey to financial freedom.