(1) The gross income shall be the amount of profits or income (hereinafter referred to as "earnings") generated by transactions which increase the net assets of a corporation, except for capital input or financing and what is provided in this Act. <Amended on Dec. 24, 2018>
(2) The following amounts shall be deemed gross income: <Amended on Dec. 31, 2011; Dec. 24, 2018; Dec. 22, 2020>
1. Where securities are purchased from an individual who is a related party at the prices lower than the market prices referred to in Article 52 (2), the amount of the difference between such market prices and the relevant purchase prices;
2. The amount of foreign corporate tax referred to in Article 57 (4), calculated as prescribed by Presidential Decree and eligible for a tax credit pursuant to paragraph (1) of the same Article;
3. The amount of income distributed under Article 100-18 (1) of the Act on Restriction on Special Cases concerning Taxation.
(3) Matters necessary for the scope and classification, etc. of earnings shall be prescribed by Presidential Decree. <Amended on Dec. 24, 2018>[This Article Wholly Amended on Dec. 30, 2010]