Quasi-tax Burdens Included
South Korea's per capita tax burden surpassed 10 million won for the first time in 2019, a tax data analysis shows.
The analysis was presented by Rep. Choo Kyung-ho of the main opposition Future Korea Party on Sunday. He is a former vice minister of economy and finance.
The figure included not just per capita tax but compulsory personal contributions to national pension and national health insurance.
Put together, these pecuniary burdens totaled an average of 10.01 million won in 2019.
The per capita tax and quasi-tax burden has been on a steep rise. It jumped from 6.88 million won in 2013 to 9.81 million won in 2018.
The ratio of people's overall pecuniary burdens to the country's gross domestic product hit a record 27.4 percent last year. It rose from 23.1 percent in 2013 to 23.7 percent in 2015 and 26.8 percent in 2018.