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🧮 🇰🇷 Gross to Net Payroll — South Korea (PYKR) | SAP ECP

Module: PYKR | Molga: 32 | Currency: KRW | Group: APAC
Includes: NPS (4.5%) | NHIS (3.545%) | EI (0.9%) | Income Tax WHT | Year-End Settlement | 3 case studies

🧭 Pipeline: Gross (/101) → 4 Major Insurances EE → Income Tax WHT → Net (/560)

📌 Configuration Anchors

  • NPS (National Pension): 4.5% EE + 4.5% ER (ceiling KRW 6,170,000 SMI)
  • NHIS (Health): 3.545% EE + 3.545% ER + LTC 12.27% of health premium
  • EI (Employment Insurance): 0.9% EE
  • Income Tax WHT: simplified table; cumulative; year-end settlement in January (연말정산)
  • Retirement Pay DC: 1/12 of annual total pay monthly provision
  • Meal allowance: KRW 200,000/month non-taxable (2023+)

👥 Case Studies

ㅤ
Engineer
Admin
Manager
Gross (KRW)
4,000,000
2,500,000
10,000,000
NPS (4.5%)
180,000
112,500
277,650
NHIS (3.545%)
141,800
88,625
354,500
EI (0.9%)
36,000
22,500
90,000
Income Tax
200,000
60,000
1,200,000
Net /560
~3,442,200
~2,216,375
~8,077,850

🏷️ Key WTs: KR01 Gross | /3N1 NPS | /3H1 NHIS | /3E1 EI | /3T1 Tax | /560 Net

SuccessLabs Academy | SAP ECP South Korea Payroll (PYKR)