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The Summary of Social Insurance in Korea
Jan. 4, 2016 (updated)
Item |
National Pension (NP) |
National Health Insurance (NHI) |
Employment Insurance (EI) |
Industrial Accident Comp Ins (IACI) | |
Entitlement |
Eligibility |
Employee & Employer 18~ 60 years old |
All of the Employee & Employer |
All of the Employee |
All of the Employee |
Exemption |
- Less than 1 month of service Employee - Less than 60 hours/month |
- Less than 1 month of service Employee - Less than 60 hours/month |
- Less than 1 month of service Employee - Less than 60 hours/month |
N/A | |
Foreigner |
Different by case by case upon the Nationality & Visa type |
Different by case by case upon the Nationality & Medical insurance covered |
Applicable (Mandatory for F2(Resident) & F5(Permanent Resident) Visa |
All of the Foreign Employee | |
Rate |
Total |
9.0% |
① NHI: 6.12% |
① Unemployment: 1.3% |
0.7% ~ 3.2% ** |
② Long-Term Care: 6.55% of NHI |
② Security / Vocational training: 0.25% * | ||||
Employer |
4.5% |
① NHI: 3.06% |
① Unemployment: 0.65% |
0.7% ~ 3.2% ** | |
② Long-term Care: 6.55% of NHI |
② Security / Vocational training: 0.25% * | ||||
Employee |
4.5% |
① NHI: 3.06% |
① Unemployment: 0.65%: |
N/A | |
② Long-term Care: 6.55% of NHI | |||||
|
*) differentiated by business category and size |
**) differentiated by business category |
This material is for your reference ONLY, and is NOT subject to release to the others at the cost of charge.
All copyrights on this material are reserved by Selim Tax-Account Firm.
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