Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
108,000 원
Income Tax
- 1,340 원
Local Tax
- 134 원
National Pension
- 4,860 원
National Health Insurance
- 4,238 원
Employment Insurance
- 972 원
Total tax
- 11,544 원
Net pay
* 96,456 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
The Taxberg
96,456 원
Net pay
20,654 원
Tax the employer pays
11,544 원
Tax you pay
Total tax paid
32,198 원
Did you know your employer also pays tax on your salary? It costs the employer 20,654 원 to pay you 108,000 원. In other words, every time you spend 10 원 of your hard-earned money, 2.98 원 goes to the government.
Real tax rate
25.0%
So, with you and the employer both paying tax, what used to be a 10.7% tax rate now rises to 25.0%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
Summary
If you make 108,000 원 a year living in South Korea, you will be taxed 11,544 원. That means that your net pay will be 96,456 원 per year, or 8,038 원 per month. Your average tax rate is 10.7% and your marginal tax rate is 10.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 원 in your salary will be taxed 10.68 원, hence, your net pay will only increase by 89.32 원.
Bonus Example
A 1,000 원 bonus will generate an extra 893 원 of net incomes. A 5,000 원 bonus will generate an extra 4,466 원 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 107999
0.0%
1
Germany
KRW 108000
0.0%
2
Austria
KRW 108000
0.0%
3
Ireland
KRW 108000
0.0%
4
Sweden
KRW 108000
0.0%
5
Norway
KRW 108000
0.0%
6
Spain
KRW 101149
6.4%
7
Italy
KRW 98082
9.2%
8
France
KRW 97529
9.7%
9
Czech Republic
KRW 96120
11.0%
10
Luxembourg
KRW 96078
11.1%
11
Russia
KRW 93960
13.0%
12
Hungary
KRW 88020
18.5%
13
Ukraine
KRW 86940
19.5%
14
Poland
KRW 84806
21.5%
15
Greece
KRW 84410
21.8%
16
Portugal
KRW 80401
25.6%
17
Finland
KRW 74792
30.8%
18
Belgium
KRW 73446
32.0%
19
Netherlands
KRW 67896
37.1%
20
Romania
KRW 63178
41.5%
21
Switzerland
KRW 61933
42.7%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 106298
1.6%
1
USA
KRW 98641
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 107999
0.0%
1
Singapore
KRW 107995
0.0%
2
Hong Kong
KRW 108000
0.0%
3
Thailand
KRW 102600
5.0%
4
Indonesia
KRW 98496
8.8%
5
Taiwan
KRW 98441
8.9%
6
South Korea
KRW 96456
10.7%
7
New Zealand
KRW 95160
11.9%
8
India
KRW 95045
12.0%
9
China
KRW 93760
13.2%
10
Pakistan
KRW 92821
14.1%
11
Vietnam
KRW 91827
15.0%
12
Malaysia
KRW 87816
18.7%
13
Japan
KRW 87759
18.7%
14
Kazakhstan
KRW 85536
20.8%
15
Philippines
KRW 56721
47.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 105435
2.4%
1
Brazil
KRW 99900
7.5%
2
Puerto Rico
KRW 99415
8.0%
3
Colombia
KRW 99360
8.0%
4
Ecuador
KRW 97797
9.5%
5
Guatemala
KRW 97644
9.6%
6
Costa Rica
KRW 96660
10.5%
7
Panama
KRW 96115
11.0%
8
Peru
KRW 94500
12.5%
9
Argentina
KRW 89640
17.0%
10
Chile
KRW 88992
17.6%
11
Uruguay
KRW 88452
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 106920
1.0%
1
Uganda
KRW 102600
5.0%
2
Ghana
KRW 102060
5.5%
3
Zambia
KRW 101520
6.0%
4
Angola
KRW 101087
6.4%
5
Morocco
KRW 100721
6.7%
6
Ivory Coast
KRW 99900
7.5%
7
Senegal
KRW 96655
10.5%
8
Cameroon
KRW 91122
15.6%
9
Nigeria
KRW 89894
16.8%
10
Mozambique
KRW 82143
23.9%
11
Kenya
KRW 62212
42.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 108000
0.0%
1
Saudi Arabia
KRW 107999
0.0%
2
United Arab Emirates
KRW 102598
5.0%
3
Qatar
KRW 102600
5.0%
4
Lebanon
KRW 100440
7.0%
5
Bahrain
KRW 99343
8.0%
6
Oman
KRW 99345
8.0%
7
Kuwait
KRW 96138
11.0%
8
Israel
KRW 93798
13.2%
9
Turkey
KRW 90980
15.8%
10
Show more
NOTE* Withholding is calculated based on the tables of South Korea, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.