South Korea's laws have undergone significant revisions as we approach 2025. These changes will impact a wide range of areas, including taxes, labor, consumer protection, transportation, and daily life, and are expected to have a significant impact on personal finances and consumer lifestyles. This article will discuss: Major legal amendments effective from 2025Let's organize it.
1. Tax reform and financial policy changes
- Abolition of financial investment income tax
The financial investment income tax that was previously scheduled to be introduced has been abolished.Accordingly, the stock capital gains tax system will remain in place, reducing the tax burden on general investors.
- Expanding ISA (Individual Savings Account) Benefits
The annual contribution limit for ISA accounts has been increased from 20 million won to 40 million won.Additionally, the tax benefit limit has been increased from 2 million won to 5 million won, allowing more investors to benefit.
- Childbirth incentive tax benefits
For companies that pay childbirth incentives New tax exemption benefitsThe incentive is expected to be fully tax-exempt for two years after childbirth, easing the financial burden on families.
2. Labor law revision (minimum wage increase)
- Minimum wage increase of 1.7%
From 2025 The minimum wage increased by 1.71 TP3T from 9,860 won to 10,030 won.It will work.
▷When converting to monthly salary (based on 209 hours per month) Approximately 2,096,000 won applied
▷Expectations of real income increases for workers
3. Strengthening consumer protection
- Strengthening consent procedures for online service subscription payments
Online services from February 2025 Consumers' explicit prior consent is now required for regular payments (automatic payments).It will work.
▷ Online platforms cannot enforce automatic payment settings.
▷The consumer subscription cancellation process has also been simplified.
4. Amendment to the Traffic Act
- Mandatory motorcycle periodic inspections
Previously, only automobiles were subject to regular inspections, From 2025, motorcycles will also have to undergo regular inspections.Traffic safety will be strengthened accordingly.
- Strengthening speeding enforcement for electric vehicles (e.g., electric kickboards)
Electric kickboards, etc. Speeding enforcement for electric vehicles has been strengthened., and safety regulations become stricter.
5. Revision of laws related to daily life
- Prohibition on refusal of entry for assistance dogs for the disabled
From 2025 It is explicitly prohibited to refuse entry to service dogs for the disabled.Accordingly, not only in public places, Assistance dogs cannot be prohibited from entering restaurants, cafes, shopping malls, etc.
- Expanding the income deduction for sports facility usage fees
30% tax deduction for use of sports facilities such as gyms and swimming pools It has been revised to allow for the receipt of benefits. This can be seen as a policy that promotes the health of the people.
- Introduction of mobile resident registration cards
From 2025 onwards You can issue and use a mobile resident registration card on your smartphone.Accordingly, the need to carry around a resident registration card is reduced.
▷ Same effect as a real resident registration card
▷ Available at a nearby community center
How will the 2025 law revision affect our lives?
These amendments to the law Easing the tax burden, strengthening consumer protection, improving traffic safety, and changing the working environment. It seems that it will have an impact on many aspects of our daily lives. In particular, Abolish the financial investment income tax, raise the minimum wage, and introduce mobile resident registration cards. These are important amendments that will bring real change to many people.
📌 What legal changes are you most interested in? Please share your thoughts in the comments!
