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Pay & Living Calculators
Calculate monthly take-home pay and deductions for an annual salary or monthly pay, using 2026 social insurance rates and the National Tax Service simplified withholding table.
The annual salary in your contract. Bonuses are treated as paid out monthly, and the total is divided by 12 months.
For an "annual salary including severance pay", monthly pay is the annual salary divided by 13.
Meal allowances are non-taxable up to KRW 200,000 a month. Add any car allowance, childcare allowance and so on.
Yourself, spouse and dependents (who meet the income requirements)
You can choose this by applying to your employer. Total tax is the same at year-end settlement; only the amount withheld each month differs.
Enter your values and press Calculate take-home pay
Expected monthly take-home pay
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Total monthly deductions
Annual take-home pay
Deduction rate
Monthly take-home pay by annual salary (based on current settings)
How to use
Subtract the four major social insurances and earned income tax from your monthly pay, and what remains is what lands in your bank account.
If you enter your contract salary, it is divided by 12 months. If your annual salary includes severance pay, choose "Included".
Enter non-taxable income such as meal allowances, the number of dependents for deduction, and the number of children aged 8 to 20.
A table shows how much goes to National Pension, health insurance, long-term care, employment insurance, income tax and local income tax, and what the amounts would be at different salaries.
This calculator shows the amount withheld each month. Your actual annual tax is finalized at year-end settlement, so you may get a refund or owe more. The health insurance monthly pay cap, how your company pays bonuses, and amounts over non-taxable limits are not reflected.
Assumes ₩200,000 a month of non-taxable pay (meals), one person in the household (yourself), no children, severance paid separately, and the pension income band that applies from July. Amounts are in Korean won.
US dollar figures are rough conversions at an illustrative rate of 1,400 won per dollar and are not live exchange rates. Deductions are National Pension, health insurance, long-term care insurance, employment insurance, earned income tax and local income tax combined.
National Pension 4.75% employee share (income band ₩410,000 to ₩6,590,000 from July), health insurance 3.595% (half of the 7.19% rate), long-term care insurance 13.14% of the health premium, and employment insurance 0.9%. Income tax follows the National Tax Service simplified withholding table (Income Tax Act Enforcement Decree, Annex 2, revised February 27, 2026 and effective March 1, 2026) plus 10% local income tax. Reference date: checked October 2026.
Foreign employees pay the same four social insurances as Korean employees, with some exceptions: national pension depends on your nationality and visa, and some visa holders are exempt from employment insurance unless they opt in. If you are exempt, your real take-home pay is a little higher than the figure above.
Foreign workers can choose a 19% flat income tax rate (plus 10% local income tax) instead of the 6–45% progressive rates, for up to 20 years from the first day of work in Korea, if work started by 31 December 2026. With the flat rate you give up all income deductions, exemptions and tax credits, so it usually only pays off at high salaries. The 2026 tax reform bill proposes raising it to 21% from 2027 and extending the deadline to 2029; that is still pending in the National Assembly.
The calculator uses the standard progressive withholding table, which is what most foreign employees get unless they apply for the flat rate.
Rules as of November 2026. Check with your employer, the National Tax Service or NPS for your own case.
With a non-taxable meal allowance of KRW 200,000 a month and one dependent for deduction (yourself), it is about KRW 3.57 million a month based on rules from July 2026. Enter your salary in the calculator above to see the social insurance and tax breakdown item by item.
The National Pension contribution rate rose from 9% to 9.5% starting January 2026, so the employee share went from 4.5% to 4.75%, and the health insurance rate also rose to 7.19%. Even at the same salary, deductions went up slightly.
Count yourself, your spouse and all dependents who meet the income requirements. A spouse is excluded if their income is above a certain level. If you have children aged 8 to 20, enter them separately to get an additional deduction.
Only the amount withheld each month goes down. The full-year tax is finalized at year-end settlement, so choosing 80% means your year-end refund may shrink or you may owe more.
Working one year accrues about one month of pay as severance, so an annual salary including severance is treated as 13 months of pay, with 1/13 set aside separately as severance. Monthly pay you receive is annual salary ÷ 13.
The simplified withholding table assumes average deductions and withholds tax in advance each month. Actual credit card spending, medical expenses, pension savings contributions and so on are reflected at year-end settlement, so the final tax can differ.
Results are estimates based on your inputs and simplified assumptions, and are for reference only, not a basis for investment decisions.
Last updated: November 2, 2026
Calculate severance pay from your hire date, leave date and last 3 months of wages, and compare retirement income tax and the tax savings from receiving it as an IRP pension.
Calculate your year-end tax settlement refund from pension savings and IRP contributions, and how much room is left under the limit.
Combine earned, business, pension and other income to estimate your tax base, tax bracket, and the additional tax due or refund in May.