South Korea

Country profiles
Country profiles

South Korea

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 21
  • Tax loss each year to tax havens: $3,885,516,419
  • Tax loss inflicted on other countries: $11,554,289

Country profile

Tax abuse losses

$3,885,516,419

lost in tax every year to global tax abuse

$3,416,073,121

lost to tax avoidance committed by multinational corporations

$469,443,298

lost to tax evasion committed by private individuals

  • Equivalent to 1.39% tax revenue (tax revenue in 2020 : $279,764,991,399 trillion)
  • Equivalent to loss of $76 per member of population (Population: 50,993,153.30)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 1.48%

Global Rankings

Corporate Tax Haven Index 2019
#N/A

Global Rank (First is Worst)

N/A/100

Haven Score (100 is Worst)

N/A

Share of global tax havenry

Financial Secrecy Index 2020
#21

Global Rank (First is Worst)

61.58/100

Haven Score (100 is Worst)

1.21%

Share of global tax secrecy

Harm to other countries

$11,554,289

in tax lost by other countries

$11,554,289

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.00% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
916 nurses

Social impact of lost tax

Tax loss equivalent to 6.56% of health budget
Tax loss equivalent to 5.64% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
99,175 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 61.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Japan (23.9%)
United States (20.1%)
Netherlands (11.5%)