South Korea Social Security Rate  2000-2018 | Data | Chart | Calendar

The Social Security Rate in South Korea stands at 18.81 percent. Social Security Rate in South Korea averaged 17.29 percent from 2000 until 2018, reaching an all time high of 18.81 percent in 2016 and a record low of 15.30 percent in 2002.

South Korea Social Security Rate
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South Korea Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 22.00 40.00 22.00 percent [+]
Personal Income Tax Rate 40.00 40.00 40.00 35.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 18.81 18.81 18.81 15.30 percent [+]
Social Security Rate For Companies 10.40 10.40 10.40 8.50 percent [+]
Social Security Rate For Employees 8.41 8.41 8.41 6.70 percent [+]

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. This page provides - South Korea Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Social Security Rate - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18.81 18.81 18.81 15.30 2000 - 2018 percent Yearly

social security rate by Country
Country Last
France 59.20 Dec/18
China 48.00 Dec/18
Russia 47.50 Dec/18
Netherlands 46.34 Dec/18
Italy 42.57 Dec/18
Germany 40.21 Dec/18
Brazil 39.80 Dec/18
Turkey 37.50 Dec/18
Spain 36.25 Dec/18
Japan 29.20 Dec/18
United Kingdom 25.80 Dec/18
India 24.00 Dec/18
South Korea 18.81 Dec/18
Canada 13.81 Dec/18
Switzerland 12.46 Dec/18
United States 12.40 Dec/18
Australia 11.50 Dec/18
Indonesia 9.74 Dec/18
Mexico 9.23 Dec/18