Korean Job Discussion Forums

[plato's republic]

How much tax would someone earning in the region of 2.2/2.3M Won a month have to pay? And how much Pension would one have to pay?
Also, can anyone tell me how much Health Insurance coverage is? Any links in English would be great.

[Real Reality]

Below are the ranges for your contribution or deduction based on 2,200,000 to 2,300,000 won/month pay.

National Tax
39,800 .... 49,330
National Tax Service
Monthly Withholding Tax Calculation
http://nts.go.kr/front/service/refer_cal/gani/refer_gani_eng.asp

Pension
98,550 .... 103,500
(employer pays a matching amount)
National Pension Contribution Table
http://www.npc.or.kr/info/info07.html?code=2_7_4.html
National Pension Corporation
http://www.npc.or.kr/eng/enpsk.html?code=./enpsk/a02.html

National Health Insurance
42,660 .... 49,130
(employer pays a matching amount)
National Health Insurance
The contribution of the employee insured is borne by both employee and employer. For the ordinary employee, the employer pays 50% of the contribution and the employee pays the other 50%.
National Health Insurance Table
(Format Excel Spreadsheet)
http://www.nhic.or.kr/upload/seosik/excel/dunggup_pyojunbosu.xls

You may have a resident tax, too.
http://english.seoul.go.kr/residents/bank/bank_04taxa_03_01.htm

[plato's republic]

Real Reality,

Thank you very much for the info. Seems like quite a bit of cash that's gonna come out. Plus I'm not North American so I won't get any of that pension back when I eventually leave Korea. Is there anything I should be given by my school such as documents once I've been signed up, to prove that I've been paying tax, pension, health care etc?

[Ya-ta Boy]