Social insurance is five kinds, not four — the order they come out of a ₩3M salary
Social insurance comes in five kinds, and the payslip deductions are four lines. On ₩3M a month: national pension 4.75%, ₩142,500; health insurance 3.595%, ₩107,850; long-term care at 13.14% of the health premium, ₩14,172; employment insurance 0.9%, ₩27,000; and industrial accident insurance paid entirely by the employer. The employee total is ₩291,522, 9.72% of pay.
Conditions used in the video
- Monthly pay
- ₩3M
- National pension
- employee 4.75% (2026)
- Health insurance
- employee 3.595% (half of 7.19%)
- Long-term care
- 13.14% of the health premium
- Employment insurance
- employee 0.9%
- Industrial accident
- employer pays all
Results
- National pension
- ₩142,500
- Health insurance
- ₩107,850
- Long-term care
- ₩14,172
- Employment insurance
- ₩27,000
- Employee total
- ₩291,522 (9.72%) · employer pays more
- Pension ceiling
- ₩6.59M monthly pay · at 10% in 2027 the first line rises ₩7,500
At a glance
Employee total ₩291,522. Industrial accident is employer-paid, so the employee share is zero.
- National pension₩142,500
- Health insurance₩107,850
- Long-term care₩14,172
- Employment insurance₩27,000
- Industrial accident (employee)₩0
Why it works this way
Did you know social insurance is five kinds, not four? Long-term care insurance is tucked after health insurance, and industrial accident insurance is paid entirely by the employer. The payslip deductions are four lines. Let us count them in order on ₩3M a month.
National Pension Act Article 88 · National Health Insurance Act Article 73 · 2026 rates.
- National pension 4.75%₩142,500
- Health insurance 3.595%₩107,850
- So far₩250,350
Long-term care is 13.14% of the health premium, ₩14,172, and employment insurance is 0.9%, ₩27,000. Industrial accident insurance is paid entirely by the employer. The employee total is ₩291,522, 9.72% of pay, and the employer pays more, adding the employment stability and vocational training share.
Long-Term Care Insurance Act Article 9 · Insurance Premium Collection Act Article 13.
- Long-term care (13.14% of health)₩14,172
- Employment insurance 0.9%₩27,000
- Industrial accidentemployer pays all · employee ₩0
Only the national pension has a ceiling: pay above ₩6.59M carries no more pension, while the health ceiling is far higher. From 2027 the pension goes to 10% and the first line rises by ₩7,500.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
National Pension Act Article 88 · National Health Insurance Act Article 73 (Contribution rates)
In force 2026 rates (checked 2026-09-05)
National pension 9.5% (employee 4.75%). Health insurance 7.19% (employee 3.595%). National pension applies up to the standard monthly income ceiling (₩6.59M).
What this means
The two big lines are 8.345% of pay. Only the pension has a ceiling, so high earners stop there.
Long-Term Care Insurance Act Article 9 · Insurance Premium Collection Act Article 13 (Long-term care · Employment and industrial accident premiums)
In force 2026 rates (checked 2026-09-05)
The long-term care premium is the health premium multiplied by the long-term care rate (13.14%). Employment insurance unemployment benefit portion 1.8% (employee 0.9%). Industrial accident premiums are borne entirely by the employer.
What this means
Long-term care is the tail of health insurance. Industrial accident is not on the payslip, but the employer is paying it.
Run it on your own numbers
The calculator opens with these conditions already filled in. Change the figures and your own case comes straight out.
Open the Social Insurance Calculator
Frequently asked
Why is long-term care deducted separately?
Under the Long-Term Care Insurance Act it is collected with health insurance by multiplying the health premium by the 13.14% long-term care rate. It is bundled with health insurance but appears as its own line.
How much does the employer pay?
The same amount as the employee for pension, health and long-term care; for employment insurance, the unemployment share plus the employment stability and vocational training share; and all of the industrial accident premium. On ₩3M the employer's share is more than ₩291,522.
What if pay exceeds ₩6.59M?
The national pension rate applies only up to the standard monthly income ceiling of ₩6.59M. Health insurance has a far higher ceiling, so it scales with most salaries.
What happens in 2027?
The national pension goes to 10%, the employee share to 5%, and on ₩3M the first line becomes ₩150,000, up ₩7,500.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.