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Government budget and revenue in Sejong, South Korea: official figures

Local taxes collected in Sejong came to 776.4 billion won in 2023 (settled accounts), the lowest of 17. This covers the local taxes of the provincial or metropolitan government and of the cities, counties and districts inside it.

What share of South Korea's local taxes does Sejong collect?

Sejong collected 0.7% of all local tax in South Korea in 2023 (national total: 114.17 trillion won).

Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copy

How much local tax does each person pay in Sejong?

Local tax per resident in Sejong was 2,008,740 won in 2023, 8th lowest of 17 (national: 2,224,420 won).

Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copy

How much local tax does each household pay in Sejong?

Local tax per household in Sejong was 4,827,490 won in 2023, 5th highest of 17 (national: 4,773,980 won).

Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copy

How financially independent is Sejong?

The fiscal independence ratio of Sejong, the share of its general account budget covered by its own revenue (local taxes and other own income) rather than central government transfers, was 47.6% in 2023 on a settled-accounts basis, 5th highest of 17 (national average: 40.1%).

Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copy

How Sejong compares with other special self-governing cities

Fiscal independence ratio (2023)

Sejong ranks 5 of 17, highest first. Share of the budget raised from own revenue. Settled-accounts basis, as published by the Ministry of the Interior and Safety.

RankRegionFiscal independence ratio
2Seoul64.1%
3Gyeonggi Province53.1%
4Incheon49.1%
5Sejong47.6%
6Busan46.0%
7Daegu42.5%
8Daejeon40.1%
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copy

Local tax per resident (won) (2023)

Sejong ranks 10 of 17, highest first.

RankRegionLocal tax per resident (won)
7Gyeonggi Province2,101,490 won
8North Gyeongsang Province2,062,850 won
9Gangwon State2,013,170 won
10Sejong2,008,740 won
11Busan1,995,940 won
12South Gyeongsang Province1,976,660 won
13Incheon1,970,200 won
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copy

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Sources

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