An Analysis of Taxation Trends in South Korea

Abstract

Scholars and policy makers marvel at the success of South Korea, a newly industrialized nation. In one generation this country has been transformed from a nation of war torn poverty to an industrial giant. This makes an examination of taxation in South Korea a worthwhile exercise. Basically, the objective of this paper is to provide an analysis of taxation trends in South Korea. This paper begins with a brief review of the economic environment in South Korea. Next, it focuses on a descriptive as well as empirical analysis of taxation trends. The paper concludes with a brief summary.