Government budget and revenue in Seoul, South Korea: official figures
Local taxes collected in Seoul came to 28.00 trillion won in 2023 (settled accounts), 2nd highest of 17. This covers the local taxes of the provincial or metropolitan government and of the cities, counties and districts inside it.
How much local tax does each person pay in Seoul?
Local tax per resident in Seoul was 2,983,690 won in 2023, the highest of 17 (national: 2,224,420 won).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow much local tax does each household pay in Seoul?
Local tax per household in Seoul was 6,265,920 won in 2023, the highest of 17 (national: 4,773,980 won).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow financially independent is Seoul?
The fiscal independence ratio of Seoul, the share of its general account budget covered by its own revenue (local taxes and other own income) rather than central government transfers, was 64.1% in 2023 on a settled-accounts basis, 2nd highest of 17 (national average: 40.1%).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow Seoul compares with other special cities
Fiscal independence ratio (2023)
Seoul ranks 2 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.
| Rank | Region | Fiscal independence ratio |
|---|---|---|
| 1 | Ulsan | 127.0% |
| 2 | Seoul | 64.1% |
| 3 | Gyeonggi Province | 53.1% |
| 4 | Incheon | 49.1% |
| 5 | Sejong | 47.6% |
| 6 | Busan | 46.0% |
| 7 | Daegu | 42.5% |
Local tax per resident (won) (2023)
Seoul ranks 1 of 17, highest first.
| Rank | Region | Local tax per resident (won) |
|---|---|---|
| 1 | Seoul | 2,983,690 won |
| 2 | Jeju Special Self-Governing Province | 2,767,930 won |
| 3 | South Chungcheong Province | 2,439,490 won |
| 4 | South Jeolla Province | 2,265,920 won |
| 5 | Ulsan | 2,260,460 won |
| 6 | North Chungcheong Province | 2,135,670 won |
| 7 | Gyeonggi Province | 2,101,490 won |
More on Seoul: overview · economy and jobs · health · education and schools · poverty and living standards · South Korea
Sources
- Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics): Korea City Statistics: local tax per person and fiscal independence ratio, with resident registration population and households, 2023 (table DT_110001_A012), read 23 October 2026 · saved copy (SHA-256 0ed0a4bf00d3…)
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