Korean insights & regulatory updates - issue 20: July 2026

27 July 2026

Introducing our new insights & regulatory updates for July 2026!

This publication highlights important changes affecting your business, including recent tax law updates, updates to National Pension, parental leave and minimum wage, pre-announcements from FSS and KICPA of key accounting matters, and the amendments to the national R&D project research fund management guidelines.

Check out our issue 20 for updates on the following key areas:

Tax updates

Supreme Court: Beneficial ownership
NTS advance ruling: Fair market value of unlisted shares where multiple comparable transactions exist

HR & payroll updates

Adjustment in National Pension base salary
Establishment of short-term parental leave
Minimum wage in 2027

Audit & accounting updates

FSS announces key accounting matters for focused review of FY2026 financial statements
KICPA announces key accounting matters for focused review of FY2026 financial statements