korea salary deductions

Why Your Korean Paycheck Is Smaller Than Your Contract (2026 Payslip, Decoded)

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Stacked bar chart showing how a 4,000,000 won monthly Korean salary splits into national pension 190,000 won, health insurance 143,800 won, long-term care 18,900 won, employment insurance 36,000 won, and 3,611,300 won left before income tax

Your ₩4,000,000 Korean contract pays out in the mid-₩3-millions. What the four insurances (9.7% in 2026) and income tax take — and what foreigners can get back.