Bank corporate income tax reached KRW 2,403,000 mil in 2016 in South Korea, according to the National Central Bank. This is 20.9% less than in the previous year.
Historically, bank corporate income tax in South Korea reached an all time high of KRW 5,782,144 mil in 2007 and an all time low of KRW 52,000 mil in 1998.
South Korea has been ranked 4th within the group of 99 countries we follow in terms of bank corporate income tax.
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