This service is calculated based on South Korea’s domestic laws, tax codes, administrative regulations, and cultural systems (such as official age reckoning, military service periods, 4 major social insurances, and traditional lunar calendars). It is fully accessible in English for foreign residents, travelers, and international users in Korea.
4 Major Social Insurances & Net Salary Guide
This tool computes the exact net take-home pay Korean employees receive after all statutory deductions from their gross salary. Based on the National Pension Act, National Health Insurance Act, Employment Insurance Act, and the National Tax Service's simplified withholding tables, it applies the employee-side rates in real time: National Pension (4.5%), Health Insurance (3.545%), Long-term Care Insurance (12.95% of health premium), and Employment Insurance (0.9%). Employer-matching contributions are itemized separately so hiring managers can estimate total labor cost. Automatic adjustments include the KRW 200,000 non-taxable meal allowance, dependent-based simplified tax discounts, and the 10% local income surtax. Ideal for salary negotiations, offer letter verification, or calculating true hiring cost per employee.
Separates deductions from employee paycheck and employer matching contributions.
Reflects up to 200,000 KRW monthly non-taxable meal deduction.
Applies national simplified tax tables and 10% local income tax.
• National Pension: 4.5% • Health Insurance: 3.545% • Long-term Care: 12.95% of Health Insurance • Employment Insurance: 0.9% • Income Tax: Based on taxable income and dependents
Legal Basis & Official Data Sources
This tool is grounded in the latest laws, regulations, and data from the following official authorities.
Frequently Asked Questions (FAQ)
Up to KRW 200,000 per month is excluded from the taxable base, reducing both social insurance premiums and income tax withheld. This benefit was expanded from KRW 100,000 to KRW 200,000 effective January 2023 and applies to all salary earners in Korea.
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More about Salary & Tax Calculator on Fredric18 News
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