* indicates monthly or quarterly data series
South Korea: Tax preparation time, in hours: For that indicator, The World Bank (doing business survey) provides data for South Korea from 2005 to 2017. The average value for South Korea during that period was 230 hours with a minumum of 187 hours in 2013 and a maximum of 290 hours in 2005. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.