What's New
  • Maximum NP contribution has increased to KRW 218,700 from July 1, 2019
  • CKC
    Views: 4607, 2019.07.04 15:23:33

  • (From July 1, 2019)

    National Pension: 9% of monthly salary --> 4.5% borne by employee and 4.5% borne by the company. From July 2019, maximum salary is increased to KRW 4,860,000 in calculation of NP and maximum NP is now KRW 218,700 for both employee and employer (maximum salary KRW 4,860,000 * 4.5% each).



    (Before July 1, 2019)

    National Pension: 9% of monthly salary --> 4.5% borne by employee and 4.5% borne by the company. From July 2019, maximum salary is increased to KRW 4,680,000 in calculation of NP and maximum NP is now KRW 210,600 for both employee and employer (maximum salary KRW 4,680,000 * 4.5% each).




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Tag
  • INAA GROUP
  • Compandben SA
  • High Street Partners
  • Time of submission
  • Seoul Global Center
  • Knowing about Korea
  • National Tax Service
  • Minstry of Labor
  • National health Insurance
  • National Pension Service
  • Compensation & Welfare Service