Utilz
Korean 4 Major Insurance Calculator
Calculate National Pension, Health Insurance, Employment Insurance, and Long-term Care premiums
Why Use This Tool?
- Understand your total payroll deductions at a glance
- See exact employer contributions for total compensation analysis
- Calculate take-home pay after all social insurance deductions
Insurance Rates (2024)
National Pension: 9% (4.5% each). Health Insurance: 7.09% (3.545% each). Long-term Care: 12.95% of health insurance. Employment Insurance: 1.8% (0.9% each). Industrial accident insurance is employer-only and varies by industry.
How to Use
- Enter your monthly salary
- View the breakdown of all 4 insurance types
- See both employee and employer contribution amounts
FAQ
What are the 4 major insurances (4대보험)?
The 4 major Korean social insurances are: National Pension (국민연금), National Health Insurance (건강보험), Employment Insurance (고용보험), and Industrial Accident Insurance (산재보험). Workers and employers share most costs.
Is industrial accident insurance included?
This calculator covers the 3 insurances that employees pay. Industrial accident insurance (산재보험) is paid entirely by the employer at rates that vary by industry.
What is the national pension cap?
The national pension has a maximum standard monthly salary cap of ₩5,900,000. Earnings above this amount are not subject to additional pension contributions.
Do part-time workers pay 4대보험?
Workers with monthly income above a minimum threshold and working more than 60 hours/month are generally required to participate in all 4 insurances.
Can I opt out of these insurances?
No, participation in the 4 major insurances is mandatory for all eligible employees and employers in Korea. Self-employed individuals must at minimum join health insurance.