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><br>Qualifying assets refers to 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.