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korean inheritance tax rate

The “200 Million Won” Trap: Korean Inheritance Guide for US Citizens (2026 Edition)

February 7, 2026 by 도경(DOKYUNG)
Split image showing a traditional Korean Hanok building in Seoul on the left and the US Capitol building on the right, with large text overlay reading "THE 40% TAX GAP".

So, you got the call. Maybe it was late at night in California or early morning in New York. A relative in Korea has passed away. Amidst the grief, there is a second wave of panic looming: The National Tax Service (NTS). If you are a US resident expecting an inheritance from Korea—whether it’s a … Read more

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