How it works
Dividend before tax (US$) = shares × dividend per share. The United States withholds 15% for Korean residents under the tax treaty, so you receive 85% in dollars. In won = dollars × exchange rate × (1 − conversion fee). Because the US rate (15%) is higher than Korea’s 14% dividend tax, Korea normally withholds nothing more, but the gross foreign dividend still counts toward the ₩20 million yearly financial-income line for comprehensive taxation. Independent calculator, not affiliated with the companies named. Not investment advice; past returns do not guarantee future returns.
⚠ Estimates for information only — not financial advice.
FAQ
Why did I receive less than 85%?
Check that your broker has a W-8BEN form for you; without it the US withholds 30%. Some brokers also convert dollars to won automatically with a fee.
Do I pay more tax in Korea?
Usually not at payment, because the 15% US tax is above Korea’s 14%. If your interest and dividends together exceed ₩20 million in a year, they are taxed again at progressive rates in May with a credit for the US tax.
Checked 11 Nov 2026. Convention between the United States and the Republic of Korea for the avoidance of double taxation (1976), Article 12 (Dividends): 15% general rate; IRS Tax Treaty Table 1. Korean dividend tax 14% + local income tax 1.4% (Income Tax Act art. 129) with foreign tax credit (art. 57). Dividend amounts: each company’s investor-relations page.