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Home arrow Jobs arrow Korean Tax and Health Insurance Withholding Rates
Korean Tax and Health Insurance Withholding Rates PDF Print E-mail
Written by Administrator   

Thanks to the Jobs and Expats sections of this website, I frequently get asked about tax and health insurance costs for workers and employees in Korea. While I’m sure that, like any government program anywhere, there are variations to the figures below, at the time of this writing (April 07), these are the current salary withholding percentages.

               

Withholdings Percentages

Item
Total Withheld
Worker Portion
Employer Portion
Health Insurance
4.77%
2.385%
2.385%
National Pension
("Social Security")
9%
4.5%
4.5%
Industrial Accident Insurance
("Worker's Comp")
0.5%
---
0.5%
Unemployment Insurance
1.15%
0.45%
0.7%
Total: 
15.42%
7.335%
8.085%

 
For more information on taxes in Korea, please visit the National Tax Service's website.
               
               

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