Question 1

What are the income and asset requirements for the Korean EITC?

Accepted Answer

For tax year 2025 (applications in 2026), total income must be under KRW 22 million for single households, KRW 32 million for single-earner households and KRW 44 million for dual-earner households, and total household assets under KRW 240 million. With assets of KRW 170 million or more, only 50% is paid.

Question 2

How are single-earner and dual-earner households told apart?

Accepted Answer

A household is dual-earner when you have a spouse and you and your spouse each earn a total salary of KRW 3 million or more. Without a spouse, dependent child or parent aged 70 or over it is a single household; every other case is single-earner.

Question 3

When do I apply, and how is the estimate calculated?

Accepted Answer

The regular filing period is May 1 to June 1, 2026; late filing is accepted until December 1 but pays 95%. This calculator uses the official payment table (Annex 11) with KRW 100,000 bands rounded up to KRW 1,000, and excludes business income and the Child Tax Credit.

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