Personal income tax (PIT) - top statutory and marginal tax rate — Top in Korea
Korea: Personal income tax (PIT) - top statutory and marginal tax rate — Top was 18.99 Factor of average annual wage in 2025. ◆ Volatile
Personal income tax (PIT) - top statutory and marginal tax rate — Top in Korea, 2000–2025
Source: Organisation for Economic Co-operation and Development. Measured in Factor of average annual wage.
Analysis
In 2025, personal income tax (pit) - top statutory and marginal tax rate — top in Korea stood at 18.99 Factor of average annual wage.
Compared with earlier readings it is down 2.7% on the previous year and up 326.2% over ten years.
Over the whole period, personal income tax (pit) - top statutory and marginal tax rate — top in Korea peaked at 21.8 Factor of average annual wage in 2021 and was at its lowest, 3.01 Factor of average annual wage, in 2010.
The series is highly variable year to year, so single readings are best treated with caution.
Personal income tax (PIT) - top statutory and marginal tax rate — Top in Korea, year by year
| Year | Factor of average annual wage | Change |
|---|---|---|
| 2000 | 5.25 Factor of average annual wage | — |
| 2001 | 4.83 Factor of average annual wage | -8.0% |
| 2002 | 4.42 Factor of average annual wage | -8.4% |
| 2003 | 4.06 Factor of average annual wage | -8.3% |
| 2004 | 3.83 Factor of average annual wage | -5.5% |
| 2005 | 3.58 Factor of average annual wage | -6.5% |
| 2006 | 3.39 Factor of average annual wage | -5.3% |
| 2007 | 3.17 Factor of average annual wage | -6.6% |
| 2008 | 3.32 Factor of average annual wage | +4.8% |
| 2009 | 3.23 Factor of average annual wage | -2.7% |
| 2010 | 3.01 Factor of average annual wage | -6.6% |
| 2011 | 3.22 Factor of average annual wage | +6.7% |
| 2012 | 9.44 Factor of average annual wage | +193.4% |
| 2013 | 9.14 Factor of average annual wage | -3.2% |
| 2014 | 4.58 Factor of average annual wage | -49.9% |
| 2015 | 4.46 Factor of average annual wage | -2.8% |
| 2016 | 4.28 Factor of average annual wage | -4.0% |
| 2017 | 12.89 Factor of average annual wage | +201.4% |
| 2018 | 12.24 Factor of average annual wage | -5.0% |
| 2019 | 11.9 Factor of average annual wage | -2.8% |
| 2020 | 11.74 Factor of average annual wage | -1.4% |
| 2021 | 21.8 Factor of average annual wage | +85.7% |
| 2022 | 20.67 Factor of average annual wage | -5.2% |
| 2023 | 20.07 Factor of average annual wage | -2.9% |
| 2024 | 19.51 Factor of average annual wage | -2.8% |
| 2025 | 18.99 Factor of average annual wage | -2.7% |
Biggest year-on-year movements
Years where Personal income tax (PIT) - top statutory and marginal tax rate — Top in Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +201.4% | 4.28 Factor of average annual wage | 12.89 Factor of average annual wage |
| 2012 | +193.4% | 3.22 Factor of average annual wage | 9.44 Factor of average annual wage |
| 2021 | +85.7% | 11.74 Factor of average annual wage | 21.8 Factor of average annual wage |
| 2014 | -49.9% | 9.14 Factor of average annual wage | 4.58 Factor of average annual wage |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.91 Factor of average annual wage | 3.17 Factor of average annual wage | 5.25 Factor of average annual wage | 10 |
| 2010s | 7.52 Factor of average annual wage | 3.01 Factor of average annual wage | 12.89 Factor of average annual wage | 10 |
| 2020s | 18.8 Factor of average annual wage | 11.74 Factor of average annual wage | 21.8 Factor of average annual wage | 6 |
Countries ranked near Korea
- 1 Colombia 51.54 Factor of average annual wage compare
- 1 Türkiye 5.58 Factor of average annual wage compare
- 2 Lithuania 4.44 Factor of average annual wage compare
- 2 Mexico 20.57 Factor of average annual wage compare
- 3 Chile 18.58 Factor of average annual wage compare
- 3 Slovenia 3.59 Factor of average annual wage compare
- 4 Austria 17.44 Factor of average annual wage compare
- 4 Poland 1.35 Factor of average annual wage compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is personal income tax (pit) - top statutory and marginal tax rate — top in Korea?
- Personal income tax (pit) - top statutory and marginal tax rate — top in Korea was 18.99 Factor of average annual wage in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest personal income tax (pit) - top statutory and marginal tax rate — top recorded in Korea?
- The highest recorded value was 21.8 Factor of average annual wage in 2021.
- What is the lowest personal income tax (pit) - top statutory and marginal tax rate — top recorded in Korea?
- The lowest recorded value was 3.01 Factor of average annual wage in 2010.
- How does Korea rank for personal income tax (pit) - top statutory and marginal tax rate — top?
- Korea ranks 1st out of 2 groups with data for 2025.
- Is personal income tax (pit) - top statutory and marginal tax rate — top rising or falling in Korea?
- Over the last ten years it is up 326.2%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Personal income tax (PIT) - top statutory and marginal tax rate — Top statutory personal income tax rate earnings threshold. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
A single person without dependants based on the earnings level where the top statutory personal income tax rate first applies. The marginal tax rates are derived on the basis of a unit increase in gross wage earnings at the threshold. Related topics: Taxing Wages, Labour taxation, Tax wedge decomposition, Average wage, Income, Household