Korean National Pension Salary Amount Updated – July 2019

Starting from July 1st, 2019, the salary limit amount for Korean National Pension calculation (9%) will be updated.

The Maximum monthly salary amount will be increased from 4,680,000 KRW to 4,860,000 KRW. The Minimum monthly salary amount will be increased from 300,000 KRW to 310,000 KRW.

Affected services: Payroll Services, Hybrid Payroll, EOR & PEO

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