Korea statutory updates – Increase of monthly contribution limit to Korea Health Insurance and Long-term care Insurance ratio

Increase of monthly contribution limit to Korea Health Insurance and Long-term care Insurance ratio

Effective from January 1, 2023

As of January 1 of each year, the ratio and the minimun & maximum monthly contribution amount is adjusted for HI and LTC contribution purposes.

Please refer the changes below.

Please feel free to contact us if you have any questions.

Best regards,

i-Admin Korea Inc.