Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
179,776 원
Income Tax
- 2,230 원
Local Tax
- 223 원
National Pension
- 8,090 원
National Health Insurance
- 7,054 원
Employment Insurance
- 1,618 원
Total tax
- 19,216 원
Net pay
* 160,560 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
160,560 원
Net pay
34,380 원
Tax the employer pays
19,216 원
Tax you pay
Total tax paid
53,596 원
Did you know your employer also pays tax on your salary? It costs the employer 34,380 원 to pay you 179,776 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 179,776 원 a year living in South Korea, you will be taxed 19,216 원. That means that your net pay will be 160,560 원 per year, or 13,380 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 179770
0.0%
1
Germany
KRW 179770
0.0%
2
Austria
KRW 179770
0.0%
3
Ireland
KRW 179770
0.0%
4
Sweden
KRW 179776
0.0%
5
Norway
KRW 179776
0.0%
6
Spain
KRW 168357
6.4%
7
Italy
KRW 163256
9.2%
8
France
KRW 162329
9.7%
9
Czech Republic
KRW 160001
11.0%
10
Luxembourg
KRW 159905
11.1%
11
Russia
KRW 156405
13.0%
12
Hungary
KRW 146517
18.5%
13
Ukraine
KRW 144720
19.5%
14
Poland
KRW 141166
21.5%
15
Greece
KRW 140489
21.9%
16
Portugal
KRW 133848
25.6%
17
Switzerland
KRW 130310
27.5%
18
Finland
KRW 124499
30.8%
19
Belgium
KRW 122255
32.0%
20
Netherlands
KRW 113265
37.0%
21
Romania
KRW 105168
41.5%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 176932
1.6%
1
USA
KRW 164214
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 179772
0.0%
1
Singapore
KRW 179775
0.0%
2
Hong Kong
KRW 179775
0.0%
3
Thailand
KRW 170787
5.0%
4
Pakistan
KRW 164597
8.4%
5
Indonesia
KRW 163956
8.8%
6
Taiwan
KRW 163864
8.9%
7
South Korea
KRW 160560
10.7%
8
New Zealand
KRW 158402
11.9%
9
India
KRW 158203
12.0%
10
China
KRW 156073
13.2%
11
Malaysia
KRW 153200
14.8%
12
Vietnam
KRW 152855
15.0%
13
Japan
KRW 146083
18.7%
14
Kazakhstan
KRW 142383
20.8%
15
Philippines
KRW 127781
28.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 175506
2.4%
1
Brazil
KRW 166293
7.5%
2
Puerto Rico
KRW 165481
8.0%
3
Colombia
KRW 165394
8.0%
4
Ecuador
KRW 162792
9.5%
5
Guatemala
KRW 162538
9.6%
6
Costa Rica
KRW 160900
10.5%
7
Panama
KRW 159995
11.0%
8
Peru
KRW 157302
12.5%
9
Argentina
KRW 149214
17.0%
10
Chile
KRW 148135
17.6%
11
Uruguay
KRW 147237
18.1%
12
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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.