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Korean Tax and Health Insurance Withholding Rates

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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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