⚠️ This guide was researched and updated in May 2026. Laws and regulations change frequently. For specific legal advice regarding your jurisdiction, please consult with local legal counsel.

South Korea Will & Estate Planning Guide

Read about will creation and estate planning in South Korea. This guide covers witness rules, probate processes and jurisdiction-specific considerations that may apply. Rules vary, so consult a qualified professional for advice on your circumstances.

Estate Planning in South Korea at a Glance

South Korea has strict forced heirship (legal reserve system) protecting family members. They receive minimum 50% (spouse/children) or 33% (parents) of statutory share. High inheritance tax up to 50%. Holographic wills common but must include full date. Family court oversees inheritance disputes.

Forced heirship 50% for spouse/children
Inheritance tax 10-50% progressive
Holographic wills valid with date
Spouse deduction up to KRW 3B
5 types of wills recognised
Age requirement only 17
Family court jurisdiction

Will Requirements in South Korea

Creating a will in South Korea typically involves national rules and any local variations. Witness requirements, signing procedures and other formalities can vary by jurisdiction, so consult a qualified professional for advice specific to your circumstances.

Witness Requirements: Notarial: 2 witnesses. Holographic: none. Secret: 2 witnesses. Dictated: 3+ witnesses

Holographic Wills:Handwritten wills may be recognised

Inheritance Tax in South Korea

Tax Rate: 10-50%

Tax Threshold: 145,000 USD

Spousal deduction of at least ₩500 million, capped at ₩3 billion

Family Shares and Estate Administration in South Korea

Protected family shares: Legal reserve (유류분): Direct descendants and spouse get 50% of statutory share. Parents/grandparents get 33%. Cannot be overridden by will. Siblings have no legal reserve. Claims must be made within 1 year of knowledge.

Related Resources

What Happens Without a Will?

Read about intestacy rules and how an estate may be distributed if you die without a will.

Global Inheritance Tax Guide

Compare inheritance tax rates, thresholds and exemptions across countries.

Digital & Physical Will Signatures

How signing rules differ across jurisdictions and where digital signatures may be accepted.

Estate Planning Information for South Korea

This guide is for information only. We don’t yet have coverage for South Korea. Register your interest below and we’ll let you know when coverage becomes available, or find a qualified professional for advice on your circumstances.

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