Korea Salary Calculator — After-Tax Take-Home Pay (2026)

Annual Salary (before tax)

KRW

Dependents (including yourself)

Monthly Take-Home Pay

—KRW

Annual Salary—

Monthly Gross—

National Pension (4.5%)—

Health Insurance (3.545%)—

Long-term Care (0.4591%)—

Employment Insurance (0.9%)—

Income Tax—

Local Income Tax (10%)—

Total Deductions—

Monthly Take-Home—

How Korea Salary Deductions Work

In Korea, your employer withholds social insurance and income tax from your monthly paycheck. The four main deductions are: National Pension (국민연금), Health Insurance (건강보험), Employment Insurance (고용보험), and Income Tax (소득세).

Korea Social Insurance Rates (2026)

National Pension: 4.5% (employer pays another 4.5%). Health Insurance: 3.545% + 0.4591% long-term care. Employment Insurance: 0.9%. These are calculated on your monthly gross salary.

FAQ

Do foreigners pay the same taxes as Koreans?

Yes, foreigners working in Korea are subject to the same income tax and social insurance rates as Korean citizens. However, some foreigners may be eligible for a flat 19% income tax rate (instead of the progressive rates) for the first 5 years. Check with the National Tax Service (NTS) or a tax advisor for your specific situation.

What is the minimum wage in Korea in 2026?

The minimum wage in Korea for 2026 is 10,030 KRW per hour, which equals approximately 2,096,270 KRW per month (based on 209 hours/month).

How do I get a tax refund in Korea?

Korea has an annual tax settlement (연말정산) in January-February each year. If you overpaid taxes during the year, you will receive a refund through your employer. If you are self-employed, you file your own income tax return in May.

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This calculator provides estimates based on 2026 rates. Actual deductions may vary. For accurate figures, consult the National Tax Service (nts.go.kr) or a tax professional.