South Korea Social Security Rate For Employees  2000-2017 | Data | Chart

The Social Security Rate For Employees in South Korea stands at 8.40 percent. Social Security Rate For Employees in South Korea averaged 7.49 percent from 2000 until 2015, reaching an all time high of 8.40 percent in 2015 and a record low of 6.70 percent in 2001.

South Korea Social Security Rate For Employees
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South Korea Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 24.20 24.20 30.80 22.00 percent [+]
Personal Income Tax Rate 38.00 38.00 38.00 35.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 16.76 16.38 18.52 15.30 percent [+]
Social Security Rate For Companies 8.40 8.20 10.23 8.20 percent [+]
Social Security Rate For Employees 8.40 8.20 8.40 6.70 percent [+]


South Korea Social Security Rate For Employees Notes

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 For Employees 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 For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Social Security Rate For Employees - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
8.40 8.20 8.40 6.70 2000 - 2015 percent Yearly



social security rate for employees by Country

Last
Netherlands 28.15 Dec/16
Germany 20.43 Dec/16
Turkey 15.00 Dec/16
Japan 14.40 Dec/16
France 14.20 Dec/16
India 12.00 Dec/16
United Kingdom 12.00 Dec/16
Brazil 11.00 Dec/16
China 11.00 Dec/16
Italy 9.49 Dec/16
South Korea 8.40 Dec/15
United States 7.65 Dec/16
Canada 6.83 Dec/16
Spain 6.35 Dec/16
Switzerland 6.25 Dec/16
Indonesia 4.00 Dec/16
Australia 2.00 Dec/16
Mexico 1.65 Dec/15
Russia 0.00 Dec/15