| Characteristic | Social security rate |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
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Source
Sources
Release date
June 2023
More information
Region
South Korea
Survey time period
2015 to 2021
Supplementary notes
Release date indicates date of last update.
The social security rate in South Korea is a tax imposed on labor income that is applicable to both employees and companies. The funds generated from this tax play a crucial role in supporting various social programs, such as welfare, healthcare, and other benefits, thereby serving as a significant source of income for the South Korean government.
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