Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
16,618 원
Income Tax
- 206 원
Local Tax
- 20.62 원
National Pension
- 748 원
National Health Insurance
- 652 원
Employment Insurance
- 150 원
Total tax
- 1,776 원
Net pay
* 14,842 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
14,842 원
Net pay
3,178 원
Tax the employer pays
1,776 원
Tax you pay
Total tax paid
4,954 원
Did you know your employer also pays tax on your salary? It costs the employer 3,178 원 to pay you 16,618 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 16,618 원 a year living in South Korea, you will be taxed 1,776 원. That means that your net pay will be 14,842 원 per year, or 1,237 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 10.69 원, hence, your net pay will only increase by 89.31 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
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 16355
1.6%
1
USA
KRW 15176
8.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 16223
2.4%
1
Brazil
KRW 15371
7.5%
2
Puerto Rico
KRW 15302
7.9%
3
Colombia
KRW 15289
8.0%
4
Ecuador
KRW 15049
9.5%
5
Guatemala
KRW 15025
9.6%
6
Costa Rica
KRW 14873
10.5%
7
Panama
KRW 14789
11.0%
8
Peru
KRW 14542
12.5%
9
Argentina
KRW 13793
17.0%
10
Chile
KRW 13693
17.6%
11
Uruguay
KRW 13610
18.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 16618
0.0%
1
Saudi Arabia
KRW 16620
0.0%
2
Qatar
KRW 15788
5.0%
3
United Arab Emirates
KRW 15787
5.0%
4
Lebanon
KRW 15455
7.0%
5
Oman
KRW 15284
7.9%
6
Bahrain
KRW 15275
8.1%
7
Kuwait
KRW 14794
11.0%
8
Israel
KRW 14434
13.1%
9
Turkey
KRW 13999
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.