Korea salary calculator (take-home pay)

Monthly take-home pay after income tax and the 4 major insurances.

Last verified: Oct 13, 2026

Annual salary (gross)

₩

Your yearly pay before tax, excluding severance pay.

Non-taxable meal allowance (monthly)

₩

Up to ₩200,000 a month is tax-free. Enter 0 if you don't receive one.

Dependents (including yourself)

Children aged 8–20

I pay into the National PensionSome nationalities and visa types (e.g. some E-9, D-2, D-4) are exempt. Check your payslip.I pay employment insuranceRequired for F-2, F-5, F-6 visas; optional or exempt for many other visa types.Apply the 19% flat tax for foreignersForeign workers may elect a single 19% income tax rate. It usually only helps high earners.

Monthly pay statement

Monthly take-home pay

₩3,571,557

Annual take-home pay ₩42,858,680

Take-home 86%
Tax 5.0%
Pension 4.5%
Health & care 3.9%
Employment ins. 0.9%

Breakdown

Tap a line to see the math

Monthly gross pay₩4,166,667
₩50,000,000 ÷ 12 = ₩4,166,667
National Pension−₩188,410
₩3,966,667 × 4.75% = ₩188,410
Charged on your taxable monthly pay, kept between ₩410,000 and ₩6,590,000.
Health insurance−₩142,600
₩3,966,667 × 3.595% = ₩142,600
Taxable pay is your monthly pay minus the meal allowance.
Long-term care insurance−₩18,730
₩142,600 × 13.14% = ₩18,730
Employment insurance−₩35,690
₩3,966,667 × 0.9% = ₩35,690
Income tax−₩190,620
Withholding table: ₩3,966,667 a month, 1 dependent(s) → ₩190,620 − child deduction ₩0 = ₩190,620
From the National Tax Service withholding table (revised 27 Feb 2026, 100% rate). The exact tax is settled at year-end.
Local income tax−₩19,060
₩190,620 × 10% = ₩19,060

Total deductions−₩595,110

Of each extra ₩1,000,000 a year, you keep ₩761,680 a year (76%).

14.3% of your gross pay goes to tax and insurance.

Inputs are saved on this device only.

Results are estimates for reference only and are not tax or legal advice. Actual amounts can differ depending on your contract, employer and individual circumstances.

How it is calculated

What gets deducted from a Korean salary?

Korean employers withhold four social insurance contributions (often called the 4 major insurances, 4대보험) plus income tax every month. In 2026 the employee pays 4.75% for the National Pension, 3.595% for health insurance, 13.14% of the health premium for long-term care insurance and 0.9% for employment insurance. Income tax is progressive from 6% to 45%, and a local income tax of 10% of the income tax is added on top.

Rules that are different for foreigners

Not every foreign worker pays every insurance. The National Pension depends on a reciprocity agreement with your home country, so some nationalities are exempt or can claim a lump-sum refund when they leave Korea. Employment insurance is mandatory for residence-type visas such as F-2, F-5 and F-6 but optional for many work visas. Foreigners can also choose a flat 19% income tax rate instead of the progressive rates. Use the switches above to match your situation.

How this calculator finds your income tax

Employers withhold income tax every month using the National Tax Service simplified withholding table (근로소득 간이세액표), which sets the tax by monthly taxable pay and number of dependents. This calculator uses the same official table (revised 27 February 2026), including the monthly deduction for children aged 8–20, so the result matches a typical payslip. In January and February of the following year the exact tax is settled, and any difference is refunded or collected.

Frequently asked questions

How much is ₩50 million a year after tax in Korea?

With a ₩200,000 meal allowance and no dependents, a ₩50,000,000 salary is roughly ₩3.5 million per month after tax and insurance in 2026. Enter your own details above for an exact estimate.

Is the 19% flat tax better for foreigners?

Usually only for high earners. The flat rate applies to your whole taxable salary with no deductions, so for most salaries under about ₩150 million the normal progressive tax is lower. Try both options in the calculator to compare.

Can I get my National Pension back when I leave Korea?

Citizens of many countries can claim a lump-sum refund of their National Pension contributions when they leave Korea permanently. Eligibility depends on your nationality and visa type, so check with the National Pension Service before you leave.

Why is my payslip slightly different from this result?

Your payslip may include allowances, overtime or bonuses that change each month, and some employers withhold at 80% or 120% of the table instead of 100%. The calculator uses the 100% rate and a fixed monthly salary.

Popular salaries in Korea after tax

Popular monthly salaries after tax

Recent rule changes

All rule changes →

Aug 14, 2026WorkAnnounced
Kazakhstan becomes the 18th E-9 sending country
The Foreign Workforce Policy Committee designated Kazakhstan as a sending country under the Employment Permit System. Workers from Kazakhstan are expected to arrive from 2028.
Affects: E-9Source: biz.heraldcorp.com
Aug 5, 2026WorkAnnounced
2027 minimum wage set at ₩10,700 an hour
The Ministry of Employment and Labor announced the 2027 minimum wage: ₩10,700 an hour (₩2,236,300 a month for 209 hours), up 3.7% from 2026. It applies from January 1, 2027 to all workers, including foreigners.
Affects: allSource: moel.go.kr
Jul 1, 2026InsuranceIn effect
National Pension income cap rises to ₩6.59M a month
From July 1, 2026 to June 30, 2027, National Pension contributions are charged on monthly income between ₩410,000 and ₩6,590,000 (previously ₩400,000–₩6,370,000).
Affects: allSource: nps.or.kr

Sources and verification

Last verified: Oct 13, 2026

Official sources used on this page

nps.or.krOct 12, 2026
nhis.or.krOct 12, 2026
ei.go.krOct 12, 2026
nts.go.krOct 12, 2026
law.go.krOct 13, 2026

Official help

This page gives reference estimates and general information, not legal, tax or immigration advice. Rules change and individual cases differ, so confirm with the official agency before acting.