South Korea introduced a comprehensive e-invoicing model as far back as 2010, and is considered one of the leading e-invoicing jurisdictions in Asia, alongside places like Singapore, Taiwan, and Kazakhstan. South Korea launched a Integrated Tax System in 1997, which involved multiple layers of the tax administration system. In terms of e-invoicing, the two major elements of the system are the electronic invoicing obligation (the Electronic Tax Invoice) and an electronic reporting requirement (the Neo Tax Integration System).
Source SNI
