Related posts · 53 posts

Fourteen days after you leave, and from the next day interest runs at 20% a year. Since 23 October 2025 it runs on wages unpaid while you are still employed, and any one of three grounds lets you claim up to three times in court.

Same name, different pocket: the paid retention subsidy goes to the employer, the unpaid one straight to the worker. A 20-person workplace needs half its staff off for 30 days; a 99-person one needs ten - and both numbers are ten.

The state returns two-thirds of the shutdown allowance the employer paid - one-half at a large firm. But cut more than half the month's contract hours and a large firm gets two-thirds as well, because item (ii) of the provision carries no large-firm bracket.

The statute says "70% of the average wage", but for a monthly-paid worker without bonuses it becomes 70% of the ordinary wage, because art. 2(2) lifts the average to it. Enter the shutdown date and three months' pay for the legal minimum; anything received comes off before the 70%.

On a 3m won monthly wage a priority-support firm's worker gets 6.6m from the state and 1.6m from the employer; at a large firm it is 2.2m and 6m - the same 8.2m won either way. Enter your wage and firm size to see the split.

Whether the employer's notice fell inside the "10 days from six months before" window turns on a single date. Enter your hire date for the window and both deadlines; under one year of service there are two clocks.

The base amount comes not from your takings but from the figure you insured on. And one missed premium is enough to block it if you have only just passed a year.

Annualising first-half income multiplies it by seven at one month worked and by two at six. Fewer months means a larger deemed income - unless you left mid-year, when it is fixed at six months.

Three more payments sit beside the jobseeker's benefit. None of them carries its amount in the Act, and two are sent to a table in the civil-service travel rules - which turns out to have no distance in it.

40% of up to 3 million won a year comes off your income, not your tax, so only your rate returns. And closing within five years repays 2.27 times what the 6% band ever saved.

It pays half of the jobseeker benefit you leave behind. But you must leave at least half, start more than 14 days after filing, and earn under 5.74m won a month at the new job.

Up 380 won (3.7%) to 2,236,300 a month. But the pay measured against it is not the total - it is regular monthly pay, and bonuses and meal money have counted in full since 2024.

One line for income, one for property. Only wages and pensions count by half, and property is nothing to 100m, then 4,653 won from the next 10,000.

There is more text between "income 20m" and "property 540m". Pensions count in full, financial income is a cliff, and past the property line the income limit halves.

A home under the allowance is zero, savings convert at 4 percent over 12 months, and a car counts whole every month. That is the order of the words in the Rule.

It was the Decree, not the tax office, that removed glasses and hearing aids. One proviso explains it.

A heat value sits between the volume and the charge, so the same cubic metres cost differently each month.

The bracket is not the summer share; it is all that remains once winter comes from elsewhere.

Rent loan and savings share 4m won, and both sit inside the mortgage interest cap.

Age is the year minus your birth year, not your age in full years. And only non-desk staff go annually.

The 7m won cap sits on paragraph 1 only. Whose return a parent's bills go on is decided right there.

The rates do not apply to gross pay. Two subtractions come first. And the child credit now starts at 13.

The statute adds last November's interim payment too, then halves the sum. Under 500,000 won nothing is collected.

It multiplies sales by a sector rate instead, so however large the purchases, no refund arrives.

In February 2026 the way the rent itself is counted changed - days rented, not months paid.

With a spouse and children, nothing is due up to 1bn won - that is what the statute says.

The same 9m won lands differently by where it went, and short of tax the rest simply disappears.

Only interest and dividends after losses and fees are taxed - this puts a number on the difference.

The table figure is per child, so the count multiplies straight through - and the end is a cliff.

Working the statutory formula under-reports the benefit; the amount comes from the Decree's benefit table.

Deduction off, 60% applied, property tax given back — the notice built in the order the statute builds it.

Halfway through the band you get exactly half the limit — and the IRS worksheet carries two lines the short page does not.

The early reduction is not one rate — the three years before full retirement age cost 6.67pp each, and everything earlier costs 5.0pp.

Enter a hire date and a reference date and you get both the days accrued and what the unused ones are worth. The sharpest split is leaving after exactly one year: 11 days against 26, decided by a single day.

How much you received is only half of it. The statute divides the payout by years of service, runs it through the rate table, then multiplies it back — so longer service drops it into lower brackets.

Enter income and existing debt to see how much more you can borrow, and what the limit would be with the stress rate switched off.

Counting interest only gets you a quarter of the way, the heavy thing is the term rather than the balance, and the LTV limit is not your limit.

The 1.5x answer is right but incomplete. Table 1 of the Enforcement Decree omits article 56 from the Chapter 4 cell, so below five staff the premium is not 1.5x but zero.

We could never find “the deferred payment was abolished” on Employment 24. Article 95 of the Decree settles it: “(4) Deleted <24 December 2024>.” Nothing in the current legislation provides a basis for it.

The statute measures the 15-hour holiday-pay line as a four-week average, and the probation cut is not “up to 10% of pay” but “the hourly minimum wage minus 10 per cent” — a floor of ₩9,288 in 2026.

The ₩200,000 tax-free meal allowance carries a proviso: “limited to a person who is not provided with meals.” Childbirth support, meanwhile, is tax-free in full with no cap, and childcare allowance runs ₩200,000 per child.

Salary rises 4.2 times while net pay rises 3.7. Social insurance is not the cause — income tax is.

Stretching to 84 months halves the payment and multiplies total interest by 2.4.

Owning two years, living there two years, and no exclusion claimed in the prior two years. All three apply.

A ₩20M car carries ₩4.92M of tax. Apply 7% to the gross and you overstate it by ₩149,100.

That band has its own formula. And a single 85㎡ line decides ₩2 million.

The 2025 cut was not the same for everyone — bank credit loans fell to an eighth, savings banks by under a fifth.

We laid all twelve annexes side by side. A researcher matches grade 5, an associate researcher grade 7, a police constable grade 9 — to the last digit.

Hold over a year: 0/15/20%. Under a year: up to 37%. A few days can cost thousands.

US full-time median weekly earnings are $1,251 (BLS, Q2 2026) — a median, not an average, and before tax.

Korea's 2026 jobseeker benefit: 60% of average wages, capped at 68,100 won with a 66,048 floor — a band just 2,052 won wide. Daily amount and benefit days.

450 kWh is ₩85,740; 451 kWh is ₩92,530. See exactly which line item creates the jump.

Korean law requires severance after 1 year. Enter your dates and salary to estimate it.