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Auto Select · published2026 Year-End Tax Settlement: Is the Basic Credit Card Income Deduction Limit KRW 4,000,000 for Workers with 2 Children?

2026 Year-End Tax Settlement: Is the Basic Credit Card Income Deduction Limit KRW 4,000,000 for Workers with 2 Children?

Yes. Starting with the 2026 tax year, employees with total annual salary of KRW 70,000,000 or less who have at least 2 qualifying children or other eligible descendants will see the annual basic income deduction limit for credit card and other eligible spending increase from KRW 3,000,000 to KRW 4,000,000. However, having 2 children does not automatically entitle someone to a deduction of KRW 4,000,000 or a tax refund of KRW 4,000,000. Total annual salary KRW 70,000,000

Economy and financeLatest IssuesInternal SEO 87Views 242026-10-04 21:02:00

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#Year-End Tax Settlement#Children#If You Have 2 Children#Credit Cards#Income Deduction

Auto Select · publishedDo You Have to Pay KRW 285,000 in National Pension Contributions Immediately After Leaving Your Job? You Can Apply for a Contribution Exemption If You Have No Income

Do You Have to Pay KRW 285,000 in National Pension Contributions Immediately After Leaving Your Job? You Can Apply for a Contribution Exemption If You Have No Income

Leaving your job does not automatically mean that the KRW 142,500 you paid toward the National Pension at work will immediately become KRW 285,000 and be charged without exception. If you have no income after leaving your job, you can apply for a 'contribution exemption' to temporarily suspend payments, even if you become an individually insured contributor. However, you should also be aware that periods covered by a contribution exemption do not count toward your National Pension contribution period. 20

Economy and financeAutomatic analysisInternal SEO 87Views 202026-10-04 17:01:11

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#Leaving a Job#National Pension#285,000 Won#Payment Requirement#Do You Have to Pay?

Auto Select · published2026 National Pension on a Monthly Salary of KRW 3,000,000: Employees Pay KRW 142,500, Individually Insured Subscribers Pay KRW 285,000

2026 National Pension on a Monthly Salary of KRW 3,000,000: Employees Pay KRW 142,500, Individually Insured Subscribers Pay KRW 285,000

As of October 2026, the National Pension contribution rate is 9.5%. If the standard monthly income is KRW 3,000,000, the total monthly contribution is KRW 285,000. However, employees share the cost equally with their employers, so only KRW 142,500 is deducted from their salaries. Individually insured subscribers whose standard monthly income is assessed at the same KRW 3,000,000 must, in principle, pay the full KRW 285,000 themselves. Employees

Economy and financeLatest IssuesInternal SEO 90Views 352026-10-04 11:02:03

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#Monthly Salary#3 Million Won#National Pension#Employees#142,500 Won

Auto Select · publishedCan You Join the Youth Future Savings Account After Waiting for Your Youth Leap Account to Mature? 2 Round Requires a Switch

Can You Join the Youth Future Savings Account After Waiting for Your Youth Leap Account to Mature? 2 Round Requires a Switch

If you already have a Youth Leap Account and also want to use the Youth Future Savings Account, waiting until your Youth Leap Account matures before applying is not currently permitted. According to Financial Services Commission guidance as of 2026-10-04, not only is simultaneous enrollment in both products prohibited, but joining the Youth Future Savings Account after the Youth Leap Account matures is also explicitly disallowed. Instead, during the 2 round of applications, existing Youth Leap Account holders will have another opportunity to switch through a special early termination procedure.

Economy and financeAutomatic analysisInternal SEO 90Views 282026-10-04 09:00:59

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#Youth Leap Account#Maturity#Waiting Until Maturity#Youth Future Savings Account#Enrollment

Auto Select · publishedIf You Already Have a Youth Leap Account, Is It Better to Switch to the Youth Future Savings Plan in 2 Round?

If You Already Have a Youth Leap Account, Is It Better to Switch to the Youth Future Savings Plan in 2 Round?

As of 2026-10-04, Youth Leap Account holders can switch to the Youth Future Savings Plan through its 2 recruitment round. However, switching is not necessarily the best choice for everyone. You need to consider whether you qualify for the preferential Youth Future Savings Plan, how much time remains until your Youth Leap Account matures, and how much you can realistically contribute each month under the KRW 500,000 and KRW 700,000 limits. In particular, this switch

Government support and policyLatest IssuesInternal SEO 94Views 302026-10-04 07:02:19

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#Youth Leap Account#Enrollment#If Already Enrolled#Youth Future Savings Plan#Second Round

Auto Select · publishedIs 3 Times the Limit for 2026 Small Business Policy Loans? Special Management Stabilization Funds Don't Count

Is 3 Times the Limit for 2026 Small Business Policy Loans? Special Management Stabilization Funds Don't Count

In 2026, additional small business policy loans are generally restricted for businesses that have received support 3 or more times within the past 5 years. However, not every policy loan received in the past counts toward the 3-time limit. Special Management Stabilization Funds are excluded from the support count, and exceptions allow 1 additional round of support for facility financing or borrowers who have faithfully repaid direct loans and meet certain requirements. 20

Government support and policyAutomatic analysisInternal SEO 92Views 452026-10-04 01:01:11

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#Small Business Owners#Policy Funding#3 Times#Having Received Funding#Is That the Limit?

Auto Select · published2026 Small Business Policy Funds 5th Revision: Will the New Terms Automatically Apply to Existing Applicants?

2026 Small Business Policy Funds 5th Revision: Will the New Terms Automatically Apply to Existing Applicants?

The 5th revision to the 2026 small business policy funding program is not an announcement that uniformly changes the terms for all applicants. The key confirmed change as of October 1 is preferential disaster relief loan terms for small businesses affected by disasters in Geoje and Tongyeong. The published amendments do not indicate that the new terms will be applied retroactively to all existing applications. Therefore, if you have already applied, what matters is not simply whether you are an existing applicant, but

Government support and policyLatest IssuesInternal SEO 94Views 272026-10-03 23:02:35

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#Small Businesses#Policy Funding#5th Revision#Changes#Applicants

Auto Select · published2027 Unemployment Benefits for 270 Days: If Payments Change to 6 Days per Week, It Could Take 10.5 Months…Can You Still Receive Everything Within 1 Year If You Apply Late?

2027 Unemployment Benefits for 270 Days: If Payments Change to 6 Days per Week, It Could Take 10.5 Months…Can You Still Receive Everything Within 1 Year If You Apply Late?

If unemployment benefits change to payments for 6 days per week under the government's 2027 reform proposal, receiving 270 days of job-seeking benefits would take approximately 315 calendar days, or about 10.5 months. However, the current system has a benefit eligibility period of 12 months beginning the day after separation from employment, making it particularly important for long-term recipients not to delay applying. As of 2026-10-03, however, payments for 6 days per week have not yet been implemented.

Economy and financeAutomatic analysisInternal SEO 84Views 252026-10-03 21:01:15

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#Unemployment Benefits#If Changed#5 Months#Late#Applying

Auto Select · published2027 Unemployment Benefits: Even at KRW 1,760,000 per Month, the Total for 150 Days Will Not Decrease, With Payments Spread Over Approximately 5.8 Months

2027 Unemployment Benefits: Even at KRW 1,760,000 per Month, the Total for 150 Days Will Not Decrease, With Payments Spread Over Approximately 5.8 Months

The explanation that monthly unemployment benefits in 2027 will fall to approximately KRW 1,760,000 means that the amount received each month will decrease, not that the total benefits paid to someone entitled to 150 days will also decrease. As of 2026-10-03, the government's employment insurance reform proposal would change payments from 7 days per week to 6 days per week while maintaining the total benefit entitlement of 120–270 days and the overall payment amount.

Economy and financeLatest IssuesInternal SEO 86Views 262026-10-03 17:02:07

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#Unemployment Benefits#Even at 1.76 Million Won#Total Amount#Decrease#Payment Period

Auto Select · publishedDo You Have to Pay the October VAT Advance Assessment Again in January? How the Deduction Works When Filing Your Final Return

Do You Have to Pay the October VAT Advance Assessment Again in January? How the Deduction Works When Filing Your Final Return

If you paid the VAT advance assessment in October, you do not have to pay the same tax again when filing your final return in January 2027. The advance assessment amount already paid is deducted as tax previously paid, and you pay only the remaining balance after subtracting that amount from the VAT calculated on your total business activity for 7–December. In other words, the payment in October is not an additional tax but an advance payment that is settled through the next final VAT return.

Government support and policyAutomatic analysisInternal SEO 90Views 292026-10-03 11:00:57

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#VAT#Advance Assessment#Do You Have to Pay#Final VAT Return#Deduction