The rates that apply for the tax base, up to KRW 300 billion are (transfer) 5% to 10.93% and (license) 7.5% to 16.40%. For the portion of the tax base which exceeds KRW 300 billion the rates are (transfer) 12.5% and (license) 18.75%.</br>
Qualifying assets refers to software protected by copyright, industrial patents, trademarks, designs and models, as well as processes, formulas and information relating to experience acquired in the industrial, commercial or scientific field, capable of legal protection. </br>Patent rights, utility model rights, technical know-how that a national has obtained through his/her research and development activities in the field of science and technology(excluding industrial property rights, overseas construction services and engineering services), and technology defined under subparagraph 1 of Article 2 of the Technology Transfer and Commercialization Promotion Act