Summary
If you make 11,450,040 원 a year living in South Korea, you will be taxed 1,351,562 원. That means that your net pay will be 10,098,478 원 per year, or 841,540 원 per month. Your average tax rate is 11.8% and your marginal tax rate is 12.7%. 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 12.67 원, hence, your net pay will only increase by 87.33 원.
Bonus Example
A 1,000 원 bonus will generate an extra 873 원 of net incomes. A 5,000 원 bonus will generate an extra 4,367 원 of net incomes.