Average Industrial Accident Insurance Rate Maintained at 1.47% for Next Year

Ministry of Employment: "Considering Industrial Accident Fund Amid Uncertain Economic Conditions"

The average industrial accident insurance premium rate for next year has been maintained at 1.47%, the same level as this year, considering the uncertain economic conditions and the status of the industrial accident fund. The industrial accident insurance premium rate has been on a continuous decline since a single increase in 2018.

The Ministry of Employment and Labor announced on the 30th the '2025 Industrial Accident Insurance Premium Rate,' maintaining the average industrial accident insurance premium rate for next year at 1.47%, the same as this year. The industrial accident insurance premium rates by occupation for labor providers next year were also kept at this year's levels.

The industrial accident insurance premium rate is determined and announced annually, taking into account costs such as insurance benefit payments, accident prevention, and welfare enhancement for injured workers. The premium rate for next year was decided through deliberation and resolution by the 'Industrial Accident Compensation Insurance and Prevention Deliberation Committee,' composed of labor, management, and public interest members, comprehensively considering this year's fund operation results and expenditure costs relative to insurance income.

Kim Jong-yoon, Director of the Occupational Safety and Health Headquarters at the Ministry of Employment and Labor, said, "Considering the uncertain economic situation due to consumption stagnation, the burden of insurance premiums on companies, and the protection of workers by the industrial accident fund, we have maintained the industrial accident insurance premium rate at this year's level for next year." He added, "We will strive to stabilize finances through prompt and fair compensation for injured workers and efficient industrial accident prevention projects."

The average industrial accident insurance premium rate by year has been on a downward trend after a single increase in 2018. It was 1.70% in 2017, jumped to 1.80% in 2018, then decreased to 1.65% in 2019, 1.56% in 2020, 1.53% from 2021 to 2023, and 1.47% this year.