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Home Taxes in Korea
Taxes in Korea

Local income taxes will be deducted from your paycheck on a monthly basis.

Here is a breakdown of how much tax is assessed:

  • income tax (3-4% of salary)
  • resident tax (10% of the income tax)
  • national pension-plan contributions (4.5% of salary)
  • national health insurance premiums (2% of salary)

In many cases employers will only deduct around 4-7% from your total salary and will exclude deductions for the national pension plan. Find out what is happening and how the tax breakdown unfolds for you. This helps ensure you have medical coverage in Korea.

You don’t have to file a tax return in Korea.

Some teachers can get their national pension BACK.





Does the political situation in North Korea negatively impact your decision to teach in South Korea?
 

Teacher Reviews

Marie Bourgeois

Marie Bourgeois “I just wanted to say thank you all for your help with the application procedure for teaching in Korea! You helped make it go very smoothly! I've heard stories from teachers who've had a difficult time with it but I must say, I've had a great experience with Footprints and I recommend you to anyone looking to teach in Korea. Nice quick, straight-forward approach to providing information. Friendly staff too! :) Thanks again! By the way, did I mention I love Korea?! :) ”


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