💳 Social Insurance (4 Types)

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)