Parent to Child Gift Korea on Barun Tax & Accountinghttps://barun-tax.com/en/tags/parent-to-child-gift-korea/Recent content in Parent to Child Gift Korea on Barun Tax & AccountingHugoen-USWed, 21 Oct 2026 00:00:00 +0000Korea Gift Tax Deduction Limits 2026: KRW 50 Million for Parent to Child, KRW 100 Million for Marriage or Birthhttps://barun-tax.com/en/blog/2026-10-15-gift-tax-deduction/Thu, 15 Oct 2026 00:00:00 +0000https://barun-tax.com/en/blog/2026-10-15-gift-tax-deduction/<p>Gift tax is paid by the recipient. The deduction limits over <strong>10 years combined</strong> are <strong>KRW 600 million</strong> from a spouse, <strong>KRW 50 million</strong> for an adult child or grandchild receiving from parents or grandparents, and <strong>KRW 20 million</strong> for a minor child or grandchild. For marriage or birth, <strong>KRW 100 million</strong> is added separately. File within <strong>3 months</strong> from the end of the month you received the gift.</p>