The Social Security Rate For Companies in South Korea stands at 10.40 percent. Social Security Rate For Companies in South Korea averaged 9.65 percent from 2000 until 2018, reaching an all time high of 10.40 percent in 2016 and a record low of 8.50 percent in 2003.

Social Security Rate For Companies in South Korea is expected to be 10.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Social Security Rate For Companies is projected to trend around 10.40 percent in 2020, according to our econometric models.

South Korea Social Security Rate For Companies
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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 For Companies

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 Companies 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 Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Social Security Rate For Companies - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.40 10.40 10.40 8.50 2000 - 2018 percent Yearly




Country Last Previous
France 45.00 Dec/18
China 37.00 Dec/18
Italy 30.00 Dec/18
Russia 30.00 Dec/18
Spain 29.90 Dec/18
Brazil 28.80 Dec/18
Argentina 27.00 Dec/18
Turkey 22.50 Dec/18
Germany 19.43 Dec/18
Netherlands 18.69 Dec/18
Singapore 17.00 Dec/18
Japan 14.75 Dec/18
United Kingdom 13.80 Dec/18
India 12.00 Dec/18
Saudi Arabia 12.00 Dec/18
South Korea 10.40 Dec/18
Australia 9.50 Dec/18
United States 7.65 Dec/18
Mexico 7.58 Dec/18
Canada 7.23 Dec/18
Switzerland 6.23 Dec/18
Indonesia 5.74 Dec/18
South Africa 1.00 Dec/18


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