South Korea salary calculator 2026
Work out take-home pay in South Korea for 2026 from your gross salary, find the gross needed for a target net, or see what a hire really costs. Every deduction is shown step by step.
Defaults to your region. Switch to compare any other scale.
Calendar year 2026, resident employee, annual tax after year-end settlement with the larger of the insurance-premium deduction and the ₩130,000 standard tax credit. Not included: child tax credits, credit-card, medical, education and housing deductions, and industrial accident insurance. Enter non-taxable allowances (for example the meal allowance of up to ₩200,000 a month) to exclude them from tax and contributions.
Result
₩42,074,053
Net pay per year
Gross ₩50,000,000 · employer cost ₩54,983,320
- Gross pay (per year)₩50,000,000
- Income tax (after year-end settlement)−₩2,788,752
- Local income tax (10% of income tax)−₩278,875
- National pension (4.75%)−₩2,374,620
- Health insurance (3.595%)−₩1,797,500
- Long-term care insurance (0.4724%)−₩236,200
- Employment insurance (0.9%)−₩450,000
- Total employee deductions−₩7,925,947
- Net pay (per year)₩42,074,053
- + National pension (4.75%), employer+₩2,374,620
- + Health insurance (3.595%), employer+₩1,797,500
- + Long-term care insurance (0.4724%), employer+₩236,200
- + Employment insurance, employer (1.15%)+₩575,000
- Total employer cost (per year)₩54,983,320
- Earned income deduction (per year)₩12,250,000
- Taxable income (per year)₩31,391,680
- Effective deduction rate15.9%
- Tax year2026
Rules used
Calendar year 2026, resident employee, annual tax after year-end settlement with the larger of the insurance-premium deduction and the ₩130,000 standard tax credit. Not included: child tax credits, credit-card, medical, education and housing deductions, and industrial accident insurance. Enter non-taxable allowances (for example the meal allowance of up to ₩200,000 a month) to exclude them from tax and contributions.
Step-by-step breakdown
| Item | Rate | Base per year | Per month | Per year |
|---|---|---|---|---|
| Gross pay | ₩4,166,667 | ₩50,000,000 | ||
| − Income tax (after year-end settlement) | ₩31,391,680 | ₩232,396 | ₩2,788,752 | |
| − Local income tax (10% of income tax) | 10% | ₩2,788,752 | ₩23,240 | ₩278,875 |
| − National pension (4.75%) | 4.75% | ₩197,885 | ₩2,374,620 | |
| − Health insurance (3.595%) | 3.6% | ₩50,000,000 | ₩149,792 | ₩1,797,500 |
| − Long-term care insurance (0.4724%) | 0.47% | ₩50,000,000 | ₩19,683 | ₩236,200 |
| − Employment insurance (0.9%) | 0.9% | ₩50,000,000 | ₩37,500 | ₩450,000 |
| = Net pay | ₩3,506,171 | ₩42,074,053 | ||
| + National pension (4.75%), employer | 4.75% | ₩197,885 | ₩2,374,620 | |
| + Health insurance (3.595%), employer | 3.6% | ₩50,000,000 | ₩149,792 | ₩1,797,500 |
| + Long-term care insurance (0.4724%), employer | 0.47% | ₩50,000,000 | ₩19,683 | ₩236,200 |
| + Employment insurance, employer (1.15%) | 1.15% | ₩50,000,000 | ₩47,917 | ₩575,000 |
| = Total employer cost | ₩4,581,943 | ₩54,983,320 |
About this tool
From 2026 the national pension rate is 9.5% (4.75% each), on a monthly base capped at ₩6.37 million until June and ₩6.59 million from July 2026. Health insurance is 7.19% and long-term care 0.9448% of pay, each split in half, and employment insurance costs the employee 0.9%. Income tax (6–45%) is shown after year-end settlement: the earned income deduction, ₩1.5 million per person, pension and insurance premiums are deducted, then the earned income tax credit applies; local income tax adds 10%.
The employer pays the same 4.75% pension, 3.595% health and 0.4724% long-term care contributions, and 1.15% employment insurance (0.9% unemployment benefits plus 0.25% job security and skills development for companies with fewer than 150 employees). Industrial accident insurance (industry-specific) and severance pay accrual (one month's pay per year) are not included.
Calendar year 2026, resident employee, annual tax after year-end settlement with the larger of the insurance-premium deduction and the ₩130,000 standard tax credit. Not included: child tax credits, credit-card, medical, education and housing deductions, and industrial accident insurance. Enter non-taxable allowances (for example the meal allowance of up to ₩200,000 a month) to exclude them from tax and contributions.
Formula
Net = Gross − income tax − employee social contributionsEmployer cost = Gross + employer contributionsNet → gross: solve Net(Gross) = target by bisection
How it is calculated
- Choose the country (each has its own page and tax year).
- Pick gross → net, net → gross or employer budget, then enter the amount per month or per year.
- Set personal options such as dependants, tax class, region or state.
- Read the step-by-step breakdown of every tax and contribution, plus the total employer cost.
Questions
How is net salary calculated in South Korea?
From 2026 the national pension rate is 9.5% (4.75% each), on a monthly base capped at ₩6.37 million until June and ₩6.59 million from July 2026. Health insurance is 7.19% and long-term care 0.9448% of pay, each split in half, and employment insurance costs the employee 0.9%. Income tax (6–45%) is shown after year-end settlement: the earned income deduction, ₩1.5 million per person, pension and insurance premiums are deducted, then the earned income tax credit applies; local income tax adds 10%.
How much does an employee cost the employer in South Korea?
The employer pays the same 4.75% pension, 3.595% health and 0.4724% long-term care contributions, and 1.15% employment insurance (0.9% unemployment benefits plus 0.25% job security and skills development for companies with fewer than 150 employees). Industrial accident insurance (industry-specific) and severance pay accrual (one month's pay per year) are not included.
Can I work out the gross salary from a net amount?
Yes. Choose “Net → gross”: the calculator searches for the gross salary whose deductions leave exactly your net amount, then shows the full breakdown. “Employer budget” does the same starting from the total cost.
Which tax year and rules does the calculator use?
Calendar year 2026, resident employee, annual tax after year-end settlement with the larger of the insurance-premium deduction and the ₩130,000 standard tax credit. Not included: child tax credits, credit-card, medical, education and housing deductions, and industrial accident insurance. Enter non-taxable allowances (for example the meal allowance of up to ₩200,000 a month) to exclude them from tax and contributions.