---
title: South Korean National Pension contribution adjustment - activpayroll
description: Changes effective from 1 July
---

[News and Insights ](https://www.activpayroll.com/news-articles)

# [South Korean National Pension contribution adjustment - activpayroll](https://www.activpayroll.com/news-articles/south-korean-national-pension-contribution-adjustment)

 Written by [activpayroll](https://www.activpayroll.com/news-articles/author/activpayroll) | Jul 5, 2022 11:00:00 PM

 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](https://activpayroll.us11.list-manage.com/subscribe/post?u=7b8e886b09ef7689657eefa3f&id=38a15b78d8)

[View full post](https://www.activpayroll.com/news-articles/south-korean-national-pension-contribution-adjustment)

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