Issue link: https://read.uberflip.com/i/1440672
87 South Korea Q4 2021 Total Labor Force (000s) 28,528 Employed Workers (000s) 27,615 Unemployed Workers (000s) 913 Unemployment Rate 3.2% 27,483 26,680 26,935 27,312 27,615 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 3.5% 3.8% 4.2% 3.7% 3.2% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 83% - First Vaccine Dose (December 2021) Covid Update People visiting hospitality, entertainment and public services need to show vaccine passes. This requirement will be expanded to include over 12s from February. 22% 25% 10% 0% 25% 50% 75% Employer Tax Profit Tax VAT South Korea Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $3,192 $3,403 $8.85 $0 $5 $10 $15 $0 $2,500 $5,000 Average Wage Manufacturing Wage Minimum Wage South Korea Regional Average 28% 28% 27% 28% 26% 33% 33% 34% 35% 37% 63% 63% 63% 64% 63% 0% 20% 40% 60% 80% 2016 2017 2018 2019 2020 15-24 years 65+ years Total Labor Force Participation Rate by Selected Age Group A new minimum wages are due to be introduced in 2022, which will represent a 5% increase on 2021. Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics ILOSTAT Monthly Hourly Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com/ https://kosis.kr/