Net Pay: What Is Left After the Four Insurances

As of September 24, 2026. This is the amount left from monthly pay after subtracting only the worker's share of the four insurances. Income tax and local income tax depend on the number of dependants, so they are not subtracted here. If items such as tax-exempt meal allowances are excluded from the insurance base, the insurable monthly amount is lower than your contractual pay.

Who it applies to

Employees enrolled through their workplace. National Pension and National Health Insurance for the self-employed and residents use a different split of these rates.

Worker shares in 2026:

• National Pension 4.75% (9.5% combined employer and worker). There are caps and floors on the monthly insurable income, so a salary above the cap is only insured up to the cap.
• National Health Insurance 3.595% (7.19% combined).
• Long-term care insurance is not a percentage of your salary — it is 13.14% of the health insurance premium, shared between employer and worker. Your share is your health insurance premium × 13.14%.
• Employment insurance (job-seeking allowance) 0.9%. Employment stability and vocational capability development insurance are paid entirely by the employer.
• Workers' compensation insurance is paid by the employer. It is not subtracted from your pay.

The formulas

Worker deduction = National Pension + Health Insurance + Long-term care + Employment insurance

After the four insurances = insurable monthly amount − worker deduction

Take-home pay = the above − income tax − local income tax

Example

Insurable monthly amount 3,000,000 won. Assume it is below the 2026 National Pension cap (around 6 million won) and that nothing is tax-exempt.

• National Pension 3,000,000 × 4.75% = 142,500 won
• Health insurance 3,000,000 × 3.595% = 107,850 won
• Long-term care 107,850 × 13.14% = 14,171 won. Rounding to the won may differ from your bill.
• Employment insurance 3,000,000 × 0.9% = 27,000 won

Total deduction 291,521 won. After the four insurances: 2,708,479 won. Income tax and local income tax come off that to give what actually lands in your account.

Sources

The 9.5% National Pension rate follows the amendment to the National Pension Act effective January 2026. The 7.19% health insurance rate and the 13.14% ratio for long-term care come from the Ministry of Health and Welfare's Long-term Care Committee resolution in 2025 (2026 long-term care rate 0.9448%). The 0.9% worker share of employment insurance was guided at the same rate for 2026. The billed amounts on your notification take priority from the National Pension Service, the National Health Insurance Service and COMWEL.