Indicators / South Korea Social Security Rate
| Related | Last | Previous | Reference | Unit |
|---|---|---|---|---|
| Corporate Tax Rate | 24.0 | 24.0 | Jan/25 | % |
| Personal Income Tax Rate | 45.0 | 45.0 | Jan/25 | % |
| Sales Tax Rate | 10.0 | 10.0 | Jan/25 | % |
| Social Security Rate For Companies | 10.4 | 10.4 | Jan/25 | % |
| Social Security Rate For Employees | 9.4 | 9.4 | Jan/25 | % |
| Withholding Tax Rate | 20.0 | 20.0 | Jan/25 | % |
South Korea Social Security Rate
In South Korea, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of South Korea because they help to pay for many social programs including welfare, health care and many other benefits.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 19.8 | 19.8 | 19.8 | 18.3 | % | YS-JAN |