The Social Security Rate in South Korea stands at 19.75 percent. Social Security Rate in South Korea averaged 17.84 percent from 2000 until 2025, reaching an all time high of 19.75 percent in 2023 and a record low of 15.30 percent in 2002. source: Korean Worker's Compensation & Welfare Service



Related Last Previous Unit Reference
Corporate Tax Rate 24.00 24.00 percent Dec 2025
Personal Income Tax Rate 45.00 45.00 percent Dec 2025
Sales Tax Rate 10.00 10.00 percent Dec 2025
Social Security Rate 19.75 19.75 percent Dec 2025
Social Security Rate For Companies 10.35 10.35 percent Dec 2025
Social Security Rate For Employees 9.40 9.40 percent Dec 2025
Withholding Tax Rate 20.00 20.00 percent Dec 2024



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.
Actual Previous Highest Lowest Dates Unit Frequency
19.75 19.75 19.75 15.30 2000 - 2025 percent Yearly