💳 Social Insurance (4 Types)

Key Information

Pension and Health Insurance increased in 2026

3.595% (2026)

4.75% (2026)

0.9%

National Pension refundable upon departure

12.95% of health insurance (2026: 0.9448%)

2026-01-01

100% paid by employer

4 Mandatory Insurance Types

1. Health Insurance (건강보험)

  • Applies to all foreign workers residing over 6 months
  • Rate: approx. 3.595% (2026 increase) of salary, split between employer and employee
  • Benefits: outpatient, hospitalization, medication

2. National Pension (국민연금)

  • Applies to workers aged 18-59
  • Rate: 9.5% of salary (employer 4.75% (2026 increase) + employee 4.75% (2026 increase))
  • Important: You can get a refund when leaving Korea!

3. Employment Insurance (고용보험)

  • Rate: approx. 1.8% of total salary
  • Benefits: unemployment benefits, job training

4. Industrial Accident Insurance (산재보험)

  • 100% paid by employer - no employee contribution
  • Covers: workplace accidents, occupational diseases

Important Notes

  • Employers are legally required to provide insurance
  • If employer does not → report to Ministry of Labor (☎1350)

FAQ

📖 Related Laws

  • National Health Insurance Act
  • National Pension Act
  • Employment Insurance Act
  • Industrial Accident Compensation Insurance Act

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This information is for reference only and has no legal effect. For accurate advice, contact the Ministry of Employment and Labor (☎1350).