Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
18,923 원
Income Tax
- 235 원
Local Tax
- 23.48 원
National Pension
- 852 원
National Health Insurance
- 743 원
Employment Insurance
- 170 원
Total tax
- 2,023 원
Net pay
* 16,900 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
16,900 원
Net pay
3,619 원
Tax the employer pays
2,023 원
Tax you pay
Total tax paid
5,641 원
Did you know your employer also pays tax on your salary? It costs the employer 3,619 원 to pay you 18,923 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.
People also ask
18,923 원 yearly is how much per hour?
9.10 원 hourly is how much per year?
Summary
If you make 18,923 원 a year living in South Korea, you will be taxed 2,023 원. That means that your net pay will be 16,900 원 per year, or 1,408 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
Tax per income
18,500 원
19,000 원
19,500 원
20,000 원
20,500 원
21,000 원
21,500 원
22,000 원
22,500 원
23,000 원
23,500 원
24,000 원
24,500 원
25,000 원
25,500 원
26,000 원
26,500 원
27,000 원
27,500 원
28,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 18624
1.6%
1
USA
KRW 17287
8.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 18919
0.0%
1
Singapore
KRW 18923
0.0%
2
Hong Kong
KRW 18923
0.0%
3
Malaysia
KRW 18351
3.0%
4
Thailand
KRW 17977
5.0%
5
Indonesia
KRW 17258
8.8%
6
Taiwan
KRW 17248
8.9%
7
South Korea
KRW 16900
10.7%
8
New Zealand
KRW 16675
11.9%
9
India
KRW 16658
12.0%
10
China
KRW 16428
13.2%
11
Vietnam
KRW 16089
15.0%
12
Japan
KRW 15377
18.7%
13
Kazakhstan
KRW 14987
20.8%
14
Philippines
KRW 7748
59.1%
15
Pakistan
KRW 3744
80.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 18473
2.4%
1
Brazil
KRW 17504
7.5%
2
Puerto Rico
KRW 17428
8.0%
3
Colombia
KRW 17409
8.0%
4
Ecuador
KRW 17132
9.5%
5
Guatemala
KRW 17109
9.6%
6
Costa Rica
KRW 16936
10.5%
7
Panama
KRW 16842
11.0%
8
Peru
KRW 16558
12.5%
9
Argentina
KRW 15706
17.0%
10
Chile
KRW 15593
17.6%
11
Uruguay
KRW 15498
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 18734
1.0%
1
Angola
KRW 18355
3.0%
2
Uganda
KRW 17977
5.0%
3
Ghana
KRW 17882
5.5%
4
Zambia
KRW 17787
6.0%
5
Morocco
KRW 17648
6.7%
6
Ivory Coast
KRW 17504
7.5%
7
Cameroon
KRW 15966
15.6%
8
Nigeria
KRW 15751
16.8%
9
Senegal
KRW 15239
19.5%
10
Mozambique
KRW 4646
75.5%
11
Kenya
KRW 18923
242.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 18923
0.0%
1
Saudi Arabia
KRW 18924
0.0%
2
Qatar
KRW 17975
5.0%
3
United Arab Emirates
KRW 17976
5.0%
4
Lebanon
KRW 17598
7.0%
5
Oman
KRW 17405
7.9%
6
Bahrain
KRW 17404
8.1%
7
Kuwait
KRW 16855
10.9%
8
Israel
KRW 16434
13.2%
9
Turkey
KRW 15941
15.8%
10
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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.