CalcHub
Free Salary & Tax CalculatorAs of 2024
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Monthly remuneration (taxable salary)3 million won
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Workers' compensation insurance is fully borne by the employer. Industry-specific premium rates must be verified separately.
Calculation result
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Total of the four major insurances for workers
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—
Worker's burden
employer's burden
National Pension (4.5% / 4.5%)—
Health Insurance (3.545% / 3.545%)—
Long-term care (0.459% / 0.459%)—
Employment Insurance (0.91 TP3T / 1.151 TP3T)—
Workers' Compensation Insurance (0% / By Industry)Fully borne by the business owner
Total number of workers—
Total for employers (excluding industrial accidents)—
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What are the four major insurances?
The four major social insurances consist of the National Pension, Health Insurance, Employment Insurance, and Industrial Accident Insurance. Employees and employers share the insurance premiums, and the employer bears the full cost of Industrial Accident Insurance.
2024 Four Major Insurance Rates
National Pension: Employee 4.5% / Employer 4.5%
Health Insurance: Employee 3.545% / Employer 3.545%
Long-term care: 12.951 TP3T of health insurance premium (half each)
Employment Insurance: Employee 0.91 TP3T / Employer 1.151 TP3T+α
Workers' Compensation Insurance: Full coverage for the employer (varies by industry)
Health Insurance: Employee 3.545% / Employer 3.545%
Long-term care: 12.951 TP3T of health insurance premium (half each)
Employment Insurance: Employee 0.91 TP3T / Employer 1.151 TP3T+α
Workers' Compensation Insurance: Full coverage for the employer (varies by industry)
Frequently Asked Questions
What are the four major insurances?
It consists of the National Pension (for retirement), Health Insurance (medical expenses), Employment Insurance (unemployment benefits), and Industrial Accident Insurance (occupational accidents). All workers are subject to mandatory enrollment.
How much are the four major insurance premiums borne by the employer?
You bear the costs of National Pension 4.51 TP3T, Health Insurance 3.5451 TP3T, Long-term Care Approx. 0.4591 TP3T, Employment Insurance 1.151 TP3T (based on workplaces with fewer than 150 employees), and Industrial Accident Compensation Insurance (varying by industry).
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