Tax and Social Security Management
All income derived from work performed in South Korea is subject to tax payment, regardless of payment location based on the reported monthly payroll. We shall deduct the respective tax amount each month accordingly and subsequently paid monthly to the South Korea Tax Office.
South Korea wages attract a minimal employer social security premium of approximately 10% of the total salary.
Employee premium contribution 8.65% of the total salary. Expatriates can opt out of the National Pension and Insurance Schemes subject to criteria.