Seoul, for your family
Personalized based on your questionnaire answers.
Seoul offers software engineers competitive high-income taxation options through an elective 19% flat-rate regime and robust employer housing exemptions.
Monthly spending breakdown
What your life in Seoul costs each month
After employer's direct contributions
If employer adopts the recommended benefit structure
Key findings for your profile
- Inbound foreign nationals can elect a 19% flat national income tax rate (20.9% post-surtax) on employment earnings for up to 20 years, highly advantageous for top-tier tech compensation.
- Restructuring the cash housing allowance into corporate-leased housing (사택) fully excludes the accommodation value from taxable employment income under statutory rules.
- Meal allowances paid separately from base salary provide a statutory tax-exempt benefit capped at KRW 200,000 per month.
- Mandatory social-insurance contributions total 9.72% of gross salary for the employee at the statutory 2026 rates (NPS 4.75% + NHI/LTCI 4.07% + EI 0.9%; NPS is capped at a monthly income ceiling).
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Claims we couldn't verify (1)
Our automated fact-checker flagged the following claims as not clearly supported by its source material. They were excluded from your salary calculation.
- •Children's school fees allowance: The cited quote ('Salaries and wages, bonuses, allowances, and other compensation for services rendered') is a generic statement regarding earned compensation and does not specifically mention or support children's school fees allowance.
Claims with a classification caveat (1)
The following benefit(s) are included in your salary calculation, but the cited source does not clearly establish their specific tax classification — the treatment may need manual verification. See the salary and tax pages for how each is priced.
- •Company vehicle
Claims verified against general web sources (3)
The following benefit(s) were verified against general web content rather than a government or professional tax-firm source. They were kept in full in your salary calculation. See the tax page for how this sourcing factored into the report's tax confidence.
- •Housing allowance
- •Children's school fees allowance
- •Annual tax credit
Relocation Lens reports are AI-generated estimates for planning purposes only and do not constitute tax, legal, financial, or immigration advice. Tax laws change and AI-generated figures can be wrong. Always confirm with a licensed professional before making relocation, compensation, or visa decisions.