Table 8. Capital gains tax rates and deductions in South Korea

	After 2014		After 2017		After 2018		After 2021
Capital gain bracket (KRW)	Tax rate (%)	Deduction (million KRW)	Tax rate (%)	Deduction (million KRW)	Tax rate (%)	Deduction (million KRW)	Tax rate (%)	Deduction (million KRW)
Up to 12 million	6	-	6	-	6	-	6	-
Up to 46 million	15	1.08	15	1.08	15	1.08	15	1.08
Up to 88 million	24	5.22	24	5.22	24	5.22	24	5.22
Up to 150 million	35	14.9	35	14.9	35	14.9	35	14.9
Over 150 million	38	19.4	38	19.4	38	19.4	38	19.4
Up to 500 million	-	-	40	29.4	-	-	40	25.4
Over 500 million	-	-	-	-	-	-	42	35.4
Up to 1 billion	-	-	-	-	-	-	-	-
Over 1 billion	-	-	-	-	-	-	-	-

Note: 1) The tax rates and deductions have evolved over different periods in South Korea, reflecting changes in government policies. The brackets and rates presented correspond to the regulations effective at the specified times.
2) ‘-’ indicates that the bracket or deduction was not applicable during that period.
Source: National Tax Service.