연말정산이 · 연말정산을
year-end tax settlement
Example
연말정산으로 세금을 조금 돌려받았어요.
I got a little tax back through the year-end settlement.
Word parts
연 year+말 end+정 precise+산 calculate
Literally 'year-end exact settling' — Korea's annual tax refund process for employees.
Good to know
Every January, Korean workers submit receipts at work — like a simplified tax return.
Related words