Changes effective from 1 July

If you are an employer in South Korea, you need to be aware of the adjustment to upper and lower monthly wage base for National Pension contributions.

This change came into effect on 1 July 2022. The adjustments for upper and lower limit of monthly wage base are as follows:

For more information on tax, social security and other updates sign up to our customer newsletter here

By scaling, streamlining, or ensuring your people are taken care of, we bring absolute clarity to your global business.

Latest news & insights

 
September 30, 2026 | 3 minute read

Singapore is enhancing childcare leave for working parents, providing more support and new entitlements based...

 
September 30, 2026 | 3 minute read

South Korea proposes increasing the flat tax rate for foreign employees, extending the regime to 2029 and...

 
September 29, 2026 | 2 minute read

Meet Sam Horn, HR Business Partner at activpayroll, and discover her role, expertise and insights on HR,...

Talk to a specialist today and find out how we support the growth of over 500 businesses with a range of activpayroll solutions designed to help your global payroll and people operations succeed.