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Entry (0-2 yrs)
How much Project Manager earns in South Korea ?
Salary range 
USD
USD Per year
$40260
$49210
/yr
(0-2) years of experience
Full-time (40h/week)
Hybrid
Large business (regional)
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Hiring guidelines in South Korea
- Pay & taxes
- Leave policy
- Termination
- Time-off
- Additional info
Pay & taxes
Leave policy
Termination
Time-off
Additional info
Minimum Wage Requirements
The minimum wage is 9,160 WON per hour or 1,914,440 WON per month.
Individual Income Tax
The individual income tax ranges from 6% to 45%. Income tax is calculated according to progressive rates.
| Income (KRW) | Tax Rate (%) |
|---|---|
|
Less than 12,000,000 |
6% |
|
12,000,001 - 46,000,000 |
15% |
|
46,000,001 - 88,000,000 |
24% |
|
88,000,001 - 150,000,000 |
35% |
|
150,000,001 - 300,000,000 |
38% |
|
300,000,001 - 500,000,000 |
40% |
|
500,000,001 - 1,000,000,000 |
42% |
|
More than 1,000,000,000 |
45% |
Payroll Cost
The employer cost is generally estimated at 11% of the employee salary.
- National Pension - 4.50%
- National Health Insurance - 3.50%
- Long-term Care Insurance - 0.43%
- Employment Insurance - 1.15%
- Worker’s Compensation Insurance - 0.76%
- Resident Tax - 0.50%
Overtime Pay & Maximum Hours
Standard working hours are 8 hours per day, 40 hours per week. The standard work week is from Monday to Friday.
Overtime payment is mandatory. Hours outside of standard work hours are considered overtime. Employees can work a maximum of 12 hours per week. For additional hours, employees are paid a minimum of 150% of their average salary.