iCalculator™ KR South Korea Social Security Calculator for Worker’s Accident Compensation Insurance (Wci)
This calculator for South Korea is part of our payroll calculators suite which support salary and income tax calculations in South Korea. With this Worker’s Accident Compensation Insurance (Wci) Calculator, you can calculate the associated contributions due for Worker’s Accident Compensation Insurance (Wci) in South Korea based on your annual income in the 2024 tax year, this includes, where appropriate, employee and employer worker’s accident compensation insurance (wci) contribitions.
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Worker’s Accident Compensation Insurance (Wci) in South Korea
Worker’s Accident Compensation Insurance (Wci) is subject to annual review in South Korea and rates and thresholds can change from year to year. The table below defines the associated tax years and tax rates that are integrated into the South Korea Income Tax calculators on iCalculator™ KR:
South Korea Current and Historic Social Security Rates for Worker’s Accident Compensation Insurance (Wci)| Tax Year | Employee Rate | Employer Rate | Combined Rate |
|---|
| 2024 | 0% | 5% | 5% |
| 2023 | 0% | 5% | 5% |
| 2022 | 0% | 5% | 5% |
| 2021 | 0% | 5% | 5% |
| 2020 | 0% | 5% | 5% |
| 2019 | 0% | 5% | 5% |
If you believe any of these rates are incorrect or you would like additional tax years adding to the South Korea tax suite then please contact us. All updates and amendments are complementary, we appreciate the support from our community with providing up to date free tax tools for South Korea. Note that you can view all tax years for South Korea supported by iCalculator™ KR here, this includes all payroll associated taxes and deductions that are applied in South Korea.