For companies with a South Korea entity: we run monthly payroll with National Pension, NHI, Employment Insurance, IACI, payslips, and bank payments. No entity yet? Hire through EOR South Korea instead.
Korean payroll typically includes National Pension, National Health Insurance (with long-term care), Employment Insurance, and Industrial Accident Compensation Insurance, plus income tax withholding each month.
Built for foreign HQs with a South Korea entity. Need to hire without one? Use Employer of Record (EOR) — same specialist team, different employment model.
Calculate NPS contributions for eligible employees.
NHI premiums plus long-term care insurance components.
EI and IACI contributions as applicable.
Monthly withholding and year-end settlement support.
Overtime, allowances, bonuses, and net pay.
KRW salary payment file preparation.
Our South Korea payroll compliance process typically covers national pension, health insurance, and employment insurance alongside core employment pay rules:
Rates, ceilings, and forms are set by local authorities and can change. We configure your payroll to current rules and notify you when updates affect costing.
Note: Four-insurance rates and income-tax withholding tables are revised by Korean authorities. Figures above are illustrative — we keep your payroll calendars aligned to current notices. See our South Korea compliance guide.
A clear monthly cycle designed for accuracy, approval control, and on-time employee payments.
Submit joiners/leavers, attendance, overtime, allowances, and one-off payments before the agreed cut-off via our HR technology platform.
We calculate gross pay, national pension, health insurance, and employment insurance, and net pay, then produce draft payroll reports for your review.
Approve or request adjustments. Nothing is finalized without your go-ahead.
We prepare bank payment files and issue payslips so employees are paid on your payday.
Insurance and tax obligations are prepared for remittance/reporting according to South Korea deadlines and your entity setup.
Foreign employers usually concentrate headcount in Seoul (HQ and services), Pangyo / Gyeonggi (tech and R&D), and Busan / industrial corridors. Our South Korea payroll outsourcing configures the four major insurances, income-tax withholding, and Labor Standards pay items once — then runs the same control calendar nationwide.
Regional HQs needing English packs for overseas finance and clean four-insurance month-end.
Tech and R&D headcount with pension, health+LTC, and employment-insurance discipline.
Industrial accident rates by industry code and OT-heavy cycles on one Korea payroll calendar.
Entity details, insurance registrations, employee master, pay elements, and cut-off calendar.
Four-insurance rates, industrial-accident industry code, withholding profiles, and OT rules.
One test cycle to validate net pay, insurance drafts, and tax withholding.
Monthly gross-to-net, payslips, bank files, and four-insurance / tax support packs.
National Pension, National Health Insurance (with long-term care), Employment Insurance, and Industrial Accident Compensation Insurance — all calculated in the monthly payroll cycle.
Yes — employers and employees commonly each contribute 4.5% of standard monthly income, subject to statutory caps. We apply live rates and ceilings each cycle.
Yes. We prepare supporting payroll data and workflows for Korea’s year-end tax settlement alongside monthly withholding.
Statutory rates & rules last reviewed: September 2026 · Reviewed quarterly for South Korea payroll
Asia Payroll Hub supports Korea four-insurance and withholding for market-entry and growth teams from groups we already work with across Asia — including InterContinental, Holiday Inn, and Hard Rock brands.
Want a similar outcome in South Korea? Request a scoped payroll/EOR proposal or compare paths on our Employer of Record page.
4대 보험, 원천세, 명세서, 송금 파일 준비를 월별 포함합니다.
EOR로 법인 설립 전 채용을 검토할 수 있습니다.
Best if you already have a South Korea company and want us to run monthly payroll and statutory processes for your staff.
Request payroll outsourcingBest if you need to employ talent in South Korea quickly without incorporating. We handle employment and compliant payroll delivery.
Explore EOR South KoreaManual spreadsheets miss ceilings, brackets, and exceptions.
Our solution: Automated gross-to-net with draft reports before payday.
South Korea contribution and tax rules can shift with little internal notice.
Our solution: Continuous compliance monitoring and configuration updates.
South Korea often sits beside other Asia entities with different rules.
Our solution: One regional process via our multi-country payroll platform.
Banks, authorities, and employees expect local documentation clarity.
Our solution: Local specialists plus clear English HQ reporting.
National Pension, Health Insurance (with long-term care), Employment Insurance, and Industrial Accident Compensation Insurance.
Yes — we support year-end earned-income settlement workflows.
Yes, for local entities; EOR may be available depending on hiring model.
Typically 2–4 weeks.
Korean/English payslip formats can be configured.
HR payroll system South Korea · EOR South Korea
Related MarketsPair South Korea with neighboring payroll operations under one partner.
Get a clear quote for compliant South Korea payroll outsourcing — or hire through EOR without opening an entity.