Overview Taxation for Residents Taxation for Non-residents Tax Treaty Securities Transaction     Tax and Others Home > Investment Guide > Taxation > Overview  Overview Taxes in Korea are levied both at the national and local levels. · National taxes, levied by the government, are divided into three categories: internal taxes,   earmarked taxes and customs duties. · Local taxes, under the autonomy of the municipal government, are divided into ordinary taxes   and earmarked taxes.   Currently, securities-related taxes include securities transaction tax and income tax. · Securities transaction tax belongs to the indirect tax category while income tax related to   securities belongs to the direct tax category.