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Social Security Rate for Companies and Employees in South Korea

Social Security Rate Data in South Korea

Indicator Data Period
Social Security Rate 19.24 % 2021
Social Security Rate For Companies 10.11 % 2021
Social Security Rate For Employees 9.13 % 2021


Latest data on Social Security Rate (%)

Social Security Rate
                     South Korea - Historical Data (%)

What is Social Security Rate in South Korea?

  • Social Security Rate in South Korea increased to 19.24 % in 2021. The maximum rate was 19.24 % and minimum was 15.3 %.
  • Data published Yearly by Worker's Compensation & Welfare Service.

Historical Data (%) by years

Data
Period
Date
19.24 2021 03.06.2021
18.94 2020 22.04.2020
18.81 2018 04.07.2019


Historical Chart by presidents (%)

Social Security Rate in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Social Security Rate For Companies (%)

Social Security Rate For Companies
                     South Korea - Historical Data (%)

What is Social Security Rate For Companies in South Korea?

  • Social Security Rate in South Korea increased to 10.11 % in 2021. The maximum rate was 10.4 % and minimum was 8.5 %.
  • Data published Yearly by Worker's Compensation & Welfare Service.

Historical Data (%) by years

Data
Period
Date
10.11 2021 03.06.2021
9.96 2020 22.04.2020
10.4 2018 04.07.2019


Historical Chart by presidents (%)

Social Security Rate For Companies in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Social Security Rate For Employees (%)

Social Security Rate For Employees
                     South Korea - Historical Data (%)

What is employer Social Security rate in South Korea?

  • Corporate Tax Rate in South Korea increased to 9.13 % in 2021. The maximum rate was 9.13 % and minimum was 6.7 %.
  • Data published Yearly by Worker's Compensation & Welfare Service.

Historical Data (%) by years

Data
Period
Date
9.13 2021 03.06.2021
8.98 2020 22.04.2020
8.41 2018 04.07.2019


Historical Chart by presidents (%)

Social Security Rate For Employees in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other taxes in South Korea

Index Updated Actual Previous
Corporate Tax Rate 2022 27.5 % 27.5
Personal Income Tax Rate 2022 45 % 45
Sales Tax Rate 2022 10 % 10

Social Security Rate in other countries

Country Updated Actual Previous
Jordan 2022 21.75 % 21.75
Mongolia 2022 26 % 28
Tajikistan 2022 22 % 26
China 2022 39.02 % 39.02
India 2022 24 % 24
Israel 2022 19.6 % 19.6
South Korea 2021 19.24 % 18.94
Taiwan 2021 15.76 % 14.02
Vietnam 2022 32 % 32
Armenia 2022 5 % 7
Indonesia 2022 15.74 % 7.74
Japan 2022 31.14 % 31.52
Kazakhstan 2022 9.5 % 5.5
Lebanon 2022 25.5 % 25.5
Malaysia 2022 24 % 21
Philippines 2022 12 % 12
Qatar 2022 0 % 0
Singapore 2022 37 % 37
Sri Lanka 2022 20 % 20
Thailand 2022 10 % 10
Laos 2022 11.5 % 11.5
Azerbaijan 2022 25 % 25
Kuwait 2022 19.5 % 22
Saudi Arabia 2022 22 % 22
Bahrain 2022 19 % 19
United Arab Emirates 2022 17.5 % 17.5
Uzbekistan 2022 12 % 32
Iraq 2022 17 % 17
Mauritius 2022 9 % 9