WTF Is on My Korean Payslip? The Foreigner's Complete Guide to Every Deduction, Tax, and Hidden Fee (2026)
WTF Is on My Korean Payslip? The Foreigner's Complete Guide to Every Deduction, Tax, and Hidden Fee (2026) Updated September 2026 | Written by Luna H "My first Korean payslip showed ₩3,000,000 gross — but only ₩2,540,000 landed in my account. I had no idea where ₩460,000 went. Nobody explained it to me." Every month, thousands of foreign workers in Korea get their payslip (급여명세서, geup-yeo-myeong-se-seo), look at the bottom number, and feel confused — or worse, suspicious. The gross salary on your contract and the amount that actually hits your bank account can differ by 10–20%, sometimes more. This guide explains every single line on a Korean payslip using real 2026 rates — so you always know exactly where your money goes, and more importantly, when something is wrong. 📋 2026 Key Rates at a Glance: National Pension (국민연금): 4.75% of salary (employee share) Health Insurance (건강보험): 3.595% of salary Long-term Care (장기요양보험): 13.14% of your health insura...