South Korea
Korea taxes lottery prizes at a combined 22% up to ₩300 million and 33% on the portion above (income + local tax).
Korean lottery winnings are taxed at 22% (20% income tax plus 2% local tax) on prizes above KRW 50,000, rising to 33% on the portion exceeding KRW 300 million. The tax is withheld before payout by the operator (Donghaeng Lottery).
1 year from the draw date.
Regulator: Korea Lottery Commission, Ministry of Economy and Finance — official site
Full country guide: every South Korea game, ranked, with tax rules. For a cross-border view, see lottery tax in every country and the after-tax prize calculator.
This page is general information, not tax advice. Rules change and personal circumstances matter — for a significant win, pay a local professional before you claim.
Last verified: 2026-08-29