Audio Blog: South Korean E-Invoicing Summarized in 4 minutes

Selin Adler Ring

February 16, 2021

This blog was last updated on February 23, 2021

Welcome to the Sovos Expert Series, today we will be talking with Selin Ring, Regulatory Counsel at Sovos about your e-invoicing obligations when operating in South Korea and how these differ from your VAT requirements elsewhere. South Korea was one of the first countries to adopt an e-invoicing regime. The first mandate came into force as early as in 2011. The system comprises two different processes: The first one is issuance of the e-invoice and the second part is transmission of e-invoice to the National Tax Service System (NTS) within a day of its issuance. In other words, there is an e-invoicing mandate and a real time reporting mandate at the same time.

Listen as she answers your most critical questions:

Question 1: Could you give us a general overview of the South Korean e-invoicing system?

Question 2: What is the scope of the mandate?

Question 3: Is there any aspect of the South Korean system that makes it unique or different than other CTC systems?

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Selin Adler Ring

Selin is Regulatory Counsel at Sovos. Based in Stockholm and originally from Turkey, Selin’s background is in corporate and commercial law, and currently specializes in global e-invoicing compliance. Selin earned a Law degree in her home country and has a master’s degree in Law and Economics. She speaks Russian, Arabic, English and Turkish.

Share this post

North America Sales & Use Tax

May 16, 2025

What is Sales Tax? How it Works & Why It Matters

Uncover what sales tax is, how it works! This guide provides everything from rates and exemptions, to how it varies by location and product type.

North America ShipCompliant

May 15, 2025

When the Middle Shrinks: What Consolidation in the Wholesaler Tier Means for the Entire Market

Discover how consolidation in the wholesaler tier impacts market access in the U.S. beverage alcohol industry and explore alternatives like direct-to-consumer shipping.

North America Unclaimed Property

May 14, 2025

From Crypto to NFTs: The expanding scope of unclaimed property laws

This blog was last updated on May 14, 2025 Last month, a cross-functional group of Sovos unclaimed property experts—including folks from product development, product marketing, managed services, our general counsel’s office, and the consulting team—traveled to Tucson, Arizona to the Unclaimed Property Professional Organization’s annual conference. We spent the week diving deep into all things […]

EMEA North America Tax Compliance

May 14, 2025

The Changing Indirect Tax Landscape: How Finance Leaders Are Adapting

This blog was last updated on May 14, 2025 We recently partnered with StudioID on a global survey of 150 finance leaders to reveal significant insights into how companies are navigating the increasingly complex world of indirect tax compliance. The research, which included CFOs, EVPs/SVPs/VPs of Finance, and Finance Directors from companies with revenues ranging […]

North America Tax Compliance

May 7, 2025

Mirror Visibility™: The Future of Indirect Tax Compliance

This blog was last updated on May 7, 2025 We recently conducted a comprehensive survey of 150 finance leaders in partnership with studioID that sheds light on emerging strategies for managing tax compliance in an increasingly digital regulatory environment. The research, which included respondents from across financial services, manufacturing, technology, and other sectors, reveals how […]