How much is all of the costs ( Medical insurance, pension and all taxe…
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For American, Canadian and Australian
▶ National pension :
Their governments have an agreement with the South Korea Government.
It represents 9% of your income. You and your school pay half and half.
You can get the entire 9% back once you complete your contract.
▶ Medical insurance:
It is 7% of your income. You and your school are responsible for half of each other.
This does not cover your expenses completely, but a regular doctor's visit may incur no more than $10 including prescription.
Korea has one of the most modern and developed healthcare sectors in Asia.
▶ Other local taxes
It is approx.2% of your income
▶ Income taxes
It's 3.3 % of your salary.
For South African and British
▶ National pension :
You are not required to contribute to pension. Your government doesn't have an agreement with the South Korea Government.
▶ Medical insurance:
It is 7% of your income. You and your school are responsible for half of each other.
This does not cover your expenses completely, but a regular doctor's visit may incur no more than $10 including prescription.
Korea has one of the most modern and developed healthcare sectors in Asia.
▶ Other local taxes
It is approx.2% of your income
▶ Income taxes
It's 3.3 % of your salary.
These taxes are deducted from your monthly salary.
