Korea implements the social insurance system as a primary means of social security policy in order to protect workers and their families from threats, such as injury, disease, aging, unemployment, and death.

Korea's four major social insurance systems include ① industrial accident compensation insurance for workers' occupational accidents, ② health insurance or disease insurance for illness and injury, ③ national pension for disability, and aging, and ④ employment insurance for unemployment. These insurance systems aim at anticipating and responding to risks and ensuring the economic life of the people.

Employers who intend to run businesses in Korea face special circumstances in which the four major insurance costs must also be considered as part of labor costs. This service helps investors identify the four major social insurance systems when estimating initial investment costs. Data is provided based on information of the Social Information System(www.4insure.or.kr).

Please note that the exact business size, region, subject, and scope of insurance per business and per employee, etc. may differ; therefore, errors may occur or actual figures may differ. Data is for reference only.