The Social Security Rate For Companies in South Korea stands at 10.11 percent. source: Korean Worker's Compensation & Welfare Service

Social Security Rate For Companies in South Korea averaged 9.69 percent from 2000 until 2021, reaching an all time high of 10.40 percent in 2016 and a record low of 8.50 percent in 2003. 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 - values, historical data and charts - was last updated on June of 2023.

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South Korea Social Security Rate For Companies



Related Last Previous Unit Reference
Social Security Rate 19.24 18.94 percent Dec 2021
Social Security Rate For Companies 10.11 9.96 percent Dec 2021
Social Security Rate For Employees 9.13 8.98 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
10.11 9.96 10.40 8.50 2000 - 2021 percent Yearly