(measure: hours; Source: The World Bank (doing business survey))
* indicates monthly or quarterly data series
South Korea: Tax preparation time, in hours
For that indicator, we provide data for South Korea from 2005 to 2019. The average value for South Korea during that period was 223 hours with a minimum of 174 hours in 2019 and a maximum of 290 hours in 2005.
The latest value from 2019 is 174 hours. For comparison, the world average in 2019 based on 185
countries is 235 hours.
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.