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Takehome Korea

Korean take-home pay and severance

Matches the ministry’s example

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Korea net salary calculator laid out like a payslip, plus severance pay, hourly wage and weekly holiday allowance, with the rates and sources shown.

  • 6deductions, each with its math
  • Mar 2026official withholding table
  • No sign‑upruns in your browser

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Income tax comes from Korea’s official withholding table, and premiums and tax drop anything under ₩10.

Type 40m and it reads ₩40 million

  1. Enter your payChoose ‘Annual’ or ‘Monthly’ and enter the amount before tax, or tap a ‘Try’ amount like ‘₩50M’.
  2. Change conditions if neededIt starts from ‘Non-taxable ₩200,000 · 1 dependent (you)’, and ‘Change conditions’ lets you set dependents, children aged 8 to 20 and the withholding rate.
  3. Check each lineThe ‘Payslip estimate’ lists each deduction from the National Pension to local income tax, and ‘Show the math’ adds the formula to every line.
  4. Preview 2027‘See the 2027 rules’ recalculates with the 5.0% pension rate, keeps rates not yet decided at their 2026 values and labels them that way.

It can also

What it checks and discloses

Rates and limits are taken only from laws and agency notices opened directly, and every figure is listed with its source and the day it was checked. Severance pay matches the Ministry of Employment and Labor's worked example to the last jeon (₩88,641.31 average daily wage).

Income tax comes straight from the 647 rows of the official withholding table

Rules and sourcesChecked Oct 10, 2026

National Pension
4.75% of monthly income, counted between ₩410,000 and ₩6,590,000 with anything under ₩1,000 dropped.National Pension Service: contribution amounts and rates (Korean)
Health and long-term care
Health insurance is 3.595% (half of 7.19%), and long-term care is the health premium × 0.9448% ÷ 7.19%.National Health Insurance Service: notice of the 2026 contribution rates (Korean)
Employment Insurance
0.9%, not collected from people hired after turning 65.Insurance Premium Collection Act decree, Article 12 (rate, Korean) · the Act, Article 13 (age 65, Korean)
Income tax
Monthly pay from ₩770,000 to ₩10,000,000 is looked up in the table, and above that the formula in the table notes is used.Enforcement Decree of the Income Tax Act, Table 2: simplified withholding table (Korean)
Local income tax
10% of the income tax.Local Tax Act, Article 103-13 (Korean)
Tax-free meal allowance
A meal allowance is tax-free up to ₩200,000 a month for workers who are not given meals.Income Tax Act, Article 12, subparagraph 3 (Korean)

The pension is charged on an income figure set once a year, and income tax here is only the monthly withholding, so your payslip can differ.

More rules in About Takehome Korea

3 guides

  1. How payroll deductions work in Korea: the four insurances and withholding tax
  2. Severance pay in Korea: who qualifies and how it is calculated
  3. Korea minimum wage 2026 and 2027, and the weekly holiday allowance

All guides

Severance days now match the Labor Ministry’s calculator, and rates are rechecked every January

  1. Severance pay now counts days and rounds the same way as the Labor Ministry’s own calculator.

  2. Fixed the age-65 option still deducting the National Pension, and added a separate ‘I am 60 or older’ option.

  3. Amount boxes now show their unit inside and the amount they read just below.

  4. In the salary table, clicking anywhere on a row opens that salary in the calculator.

  5. Launched with take-home pay, a salary table, severance pay and hourly pay.

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