Bank Corporate Income Tax (Local Currency) in South Korea

Bank corporate income tax reached KRW 1,305,000 mil in second quarter of 2020 in South Korea, according to the National Central Bank. This is 3.33% more than in the previous quarter.

Historically, bank corporate income tax in South Korea reached an all time high of KRW 1,960,000 mil in 3Q2016 and an all time low of KRW -551,000 mil in 4Q2014.

South Korea has been ranked 2nd within the group of 63 countries we follow in terms of bank corporate income tax.