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NEO Compliance Engine · South Korea

Live monitoring of statutory employment and payroll rules for South Korea. Every data point traceable to an authoritative source.

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0 sources 0 data points 0 confirmations — last sync

📋 Compliance Policies

Statutory employment rules NEO tracks for this jurisdiction — minimum wages, leave entitlements, notice periods, working hours. Every data point is verified against authoritative references.

Compensation

Statutory minimum wages and pay floors.

  • Hourly minimum compensation 10320.00 —
  • Hourly minimum compensation · currency KRW —
  • Annual minimum compensation 25882560.00 —
  • Annual minimum compensation · currency KRW —
  • Annual minimum compensation · period year —

Leave entitlements

Paid time off, sick leave, and public holidays.

  • Public holidays 18 holidays observed —
    DateHoliday
    Jan 1, 2026New Year's Day
    Feb 16, 2026Lunar New Year
    Feb 17, 2026Lunar New Year
    Feb 18, 2026Lunar New Year
    Mar 2, 2026Independence Movement Day
    May 1, 2026Labour Day
    May 5, 2026Children's Day
    May 25, 2026Buddha's Birthday
    Jun 3, 2026Local Election Day
    Jun 6, 2026Memorial Day
    Jul 17, 2026Constitution Day
    Aug 17, 2026Liberation Day
    Sep 24, 2026Chuseok
    Sep 25, 2026Chuseok
    Sep 26, 2026Chuseok
    Oct 5, 2026National Foundation Day
    Oct 9, 2026Hangul Day
    Dec 25, 2026Christmas Day
  • Paid time off · accrual 15 —
  • Paid time off · accrual rate month —
  • Sick leave · accrual 0 —
  • Sick leave · accrual rate — —
  • Sick leave · employer pays — —
  • Sick leave · government pays — —
  • Sick leave · medical certificate required 1 —

Employment terms

Notice periods, probation, standard working hours.

  • Notice period · maximum — —
  • Notice period 30 —
  • Notice period · during probation 0 —
  • Probation period · maximum 90 —
  • Probation period 0 —
  • Standard work hours · hours 40 —
  • Standard work hours · rate week —

💰 Payroll Tax

Statutory payroll contributions — totals and per-program rates for both employer and employee.

Employer total burden

Sum of all employer-side contributions, by jurisdiction.

  • Employer total tax burden 23.86% —

Employer contributions

Each statutory payroll contribution the employer pays, broken out by program and state where applicable.

  • Employment Insurance 0.9% —
  • Health Insurance 3.6% —
  • Industrial Accident 1.47% —
  • Long Term Care 13.14% —
  • Pension 4.75% —

Employee total burden

Sum of all employee-side contributions, by jurisdiction.

  • Employee total tax burden 22.39% —

Employee contributions

Each statutory payroll contribution the employee pays.

  • Employment Insurance 0.9% —
  • Health Insurance 3.6% —
  • Long Term Care 13.14% —
  • Pension 4.75% —

Income tax brackets

Progressive personal income tax tiers and rates.

  • Income tax — Standard 8 tiers · 6% → 45% —
    TierIncome rangeRate
    10+6%
    214,000,000+15%
    350,000,000+24%
    488,000,000+35%
    5150,000,000+38%
    6300,000,000+40%
    7500,000,000+42%
    81,000,000,000+45%

Recent updates for South Korea

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