Korea salary calculator (take-home pay)

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

Based on 2026 Korean rates. Last updated: 2026-07

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

₩3,565,677

Annual take-home pay ₩42,788,120

Take-home 86%
Tax 5.2%
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−₩195,970
Tax base ₩29,344,840 → tax ₩3,141,726 − credits ₩790,000 = ₩2,351,726 a year ÷ 12 = ₩195,970
Tax base = annual taxable pay ₩47,600,000 − earned income deduction ₩12,130,000 − personal and insurance deductions ₩6,125,160.
Local income tax−₩19,590
₩195,970 × 10% = ₩19,590

Total deductions−₩600,990

Of each extra ₩1,000,000 a year, you keep ₩761,920 a year (76%).

14.4% 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 estimates income tax

Employers withhold income tax each month using the National Tax Service simplified withholding table, then settle the exact amount at year-end tax settlement in January. This calculator estimates the final annual tax with the earned income deduction, basic deduction of ₩1.5 million per dependent, insurance deductions, the earned income tax credit, the child tax credit and the ₩130,000 standard tax credit, and then divides it by 12. Your monthly withholding may be slightly higher, and the difference is usually refunded at year-end.

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?

Employers use the monthly withholding table and may include allowances, overtime or bonuses that change from month to month. The calculator shows an annual-average estimate, which is close to what you pay after year-end tax settlement.