Guides

The questions a calculator cannot answer alone, with worked numbers and links to the laws.

• How payroll deductions work in Korea: the four insurances and withholding taxWhat comes out of a Korean payslip each month: National Pension 4.75%, health insurance 3.595%, long-term care, employment insurance 0.9% and withheld income tax, with a worked example.
• Severance pay in Korea: who qualifies and how it is calculatedKorean severance pay is 30 days of average wages per year of service, for workers with at least one year and 15 hours a week. The formula, with the labor ministry’s sample case worked through.
• Korea minimum wage 2026 and 2027, and the weekly holiday allowanceKorea’s minimum wage is ₩10,320 an hour in 2026 and ₩10,700 in 2027. Why the monthly figure uses 209 hours, and how the weekly holiday allowance is worked out for part-time hours.