Hiring in South Korea through an Employer of Record
A South Korean employer pays half of the National Pension and employment insurance premiums, among the four major insurances.
On top of salary, the employer pays
- 4.75% National Pension, employer half
- 0.9% Employment insurance, employer share
This is a floor, not the full cost: major employer charges in South Korea are left out, as explained below.
What the employer pays on top of salary in South Korea
- National Pension, employer half: 4.75 percent of standard monthly income, up to a cap.
- Employment insurance, employer share: 0.9 percent of wages.
Health insurance and long-term care, split with the employee, the employer-only job stability levy and industrial accident insurance are left out because official pages do not state the employer share as a figure.
Yearly cost of one employee in South Korea, by vendor
Salary plus the charges above plus the vendor's published monthly fee, for twelve months. Not included: benefits and currency conversion fees.
Vendor fees used
Atlas HXM $599, Deel $599, G-P $599, Multiplier $459, Oyster $699, Pebl (Velocity Global) $399, RemoFirst $199, Remote $699, Skuad $199. Not published: Rippling.
Where these numbers come from
- Employment insurance, employer share on 4insure.or.kr read
- Each vendor's own pricing page, linked from its name above.