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연말정산

Romanised yeonmal-jeongsan, literally year-end settlement. Your employer files it using receipts pulled from the 홈택스 Hometax system. Foreign residents on a payroll do it exactly like Korean staff.

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Examples in context

연말정산 서류를 회사에 냈습니다

I gave the year-end tax settlement documents to my company

연말정산으로 세금을 환급받았습니다

I got a tax refund through the year-end settlement

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