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Seoul, Korea

Key information

Tax and VAT
Sales Tax 10%
Population

City: 10,290,000

Metro Area: 25,600,000

Density: 45,000/sq mi (17,000/km2)

Currency

South Korean won (KRW)

Symbol: ₩

Inflation: 1.9 % (April 2017)

Central bank: Bank of Korea

Official languages
Korean
Wages

Minimal: 6470 KRW per hour

Average: 11280 KRW per hour

Overtime: For every 1 hours of overtime, 150% of hourly ordinary wage should be paid. With some businesses specified by labor law (article 59 of the Labor Standards Act), overtime exceeding 12 hours per week is allowed as long as there is a written agreement between an employer and a representative of employees.

Government services and
information

Ministry of Employment and Labour: http://www.moel.go.kr/english/poli/poliLaw.jsp

National Tax Service:
https://www.nts.go.kr/eng/


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