A Baby Is Born: Parental Leave and Beyond

This is a summary of Korean tax and finance rules. The full article is available in Korean.Switch to Korean (KO)

After the birth of a child in Korea, an employee can take parental leave with reformed 2026 benefits: KRW 2.5 million/month for the first 3 months, KRW 2 million for months 4-6, and 80% of regular wages thereafter. This scenario also covers year-end tax settlement child deductions and how a monthly savings plan with compound interest can build an education fund over time.

Related Calculators

→ Parental Leave Pay
→ Year-End Tax Refund
→ Savings Calculator

All calculations use 2026 official Korean government rates. Amounts are in Korean Won (KRW). Input data never leaves your browser.