Are there any differences in taxation for FDI in casino and hotel business between foreigners and Koreans? What is the tax rate when wiring profits overseas?

Usually 25% withholding tax is applied to profits that are wired overseas. However, the Republic of Korea has established tax agreements with the majority of countries except for Hong Kong and Taiwan. According to the individual agreements the withholding tax rate for the corresponding country is set at 5% – 15%.