Summary
If you make 115,919,964 원 a year living in South Korea, you will be taxed 27,617,184 원. That means that your net pay will be 88,302,780 원 per year, or 7,358,565 원 per month. Your average tax rate is 23.8% and your marginal tax rate is 40.7%. 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 40.70 원, hence, your net pay will only increase by 59.30 원.
Bonus Example
A 1,000 원 bonus will generate an extra 593 원 of net incomes. A 5,000 원 bonus will generate an extra 2,965 원 of net incomes.