2025 National Pension Base Value Changes Effective July 1

Effective July 1, 2025, changes to the National Pension Service (NPS) base values will come into effect in Korea. While the contribution rate remains unchanged, both the maximum and minimum base income thresholds have been updated as follows: 

• Maximum base value: 6,370,000 KRW 

• Minimum base value: 400,000 KRW 

• Contribution rate: 4.5% remains same 

These adjustments are part of the annual recalibration to align with inflation and average wage growth trends. 

For employers and HR teams, it’s important to review payroll systems to ensure these updated figures are correctly applied from July 1 onward. If you're outsourcing payroll or using third-party systems, we recommend coordinating early with your service provider. 

Need help understanding the impact of these changes on your business? 

Feel free to contact us for further clarification or support.