Korean car tax for a private passenger car = engine cc × ₩80 (≤1,000cc), ₩140 (≤1,600cc) or ₩200 (over 1,600cc). Electric and hydrogen cars pay ₩100,000.
A local education tax of 30% is added.
From the 3rd year the tax drops 5% a year, up to 50%. Car age = this year − first registration year + 1.
Paying the rest of the year up front in January, March, June or September gives a discount (about 4.58% in January) — apply on Wetax.
FAQ
How much is car tax for a 2,000cc car in Korea?
For 1,998cc it is ₩399,600 plus ₩119,880 education tax = ₩519,480 a year for a new car, less about ₩23,000 if prepaid in January.
How much is car tax for an EV in Korea?
₩100,000 plus ₩30,000 education tax = ₩130,000 a year.
Worked example
Example: a 1,998 cc petrol car first registered in the first half of 2022 has base tax of ₩399,600 (₩200 per cc). In 2026 it gets a 15% age reduction to ₩339,660, plus 30% local education tax (₩101,890), for ₩441,550 a year. Paying the whole year in January saves about 4.58%, so you pay ₩421,350.
Common mistakes
The age reduction is 5% a year from the third year, up to 50%.
Electric cars pay a flat ₩100,000 plus education tax (about ₩130,000).
Cars bought or sold during the year are taxed by the day.