Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
2,419,444 원
Income Tax
- 30,015 원
Local Tax
- 3,001 원
National Pension
- 108,875 원
National Health Insurance
- 94,939 원
Employment Insurance
- 21,775 원
Total tax
- 258,605 원
Net pay
* 2,160,839 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
2,160,839 원
Net pay
462,695 원
Tax the employer pays
258,605 원
Tax you pay
Total tax paid
721,300 원
Did you know your employer also pays tax on your salary? It costs the employer 462,695 원 to pay you 2,419,444 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 2,419,444 원 a year living in South Korea, you will be taxed 258,605 원. That means that your net pay will be 2,160,839 원 per year, or 180,070 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
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 2419452
0.0%
1
Germany
KRW 2419446
0.0%
2
Austria
KRW 2419446
0.0%
3
Ireland
KRW 2419446
0.0%
4
Norway
KRW 2419444
0.0%
5
Sweden
KRW 2404813
0.6%
6
Spain
KRW 2265808
6.4%
7
Switzerland
KRW 2216640
8.4%
8
Italy
KRW 2197104
9.2%
9
France
KRW 2184749
9.7%
10
Czech Republic
KRW 2153305
11.0%
11
Luxembourg
KRW 2152095
11.1%
12
Russia
KRW 2104916
13.0%
13
Hungary
KRW 1971847
18.5%
14
Ukraine
KRW 1947652
19.5%
15
Poland
KRW 1899843
21.5%
16
Greece
KRW 1890816
21.9%
17
Portugal
KRW 1801275
25.6%
18
Finland
KRW 1675460
30.8%
19
Belgium
KRW 1645229
32.0%
20
Denmark
KRW 1542587
36.2%
21
Netherlands
KRW 1522750
37.1%
22
Romania
KRW 1415373
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 2218690
8.3%
1
USA
KRW 2209889
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 2419441
0.0%
1
Singapore
KRW 2419442
0.0%
2
Hong Kong
KRW 2419445
0.0%
3
Pakistan
KRW 2404265
0.6%
4
Thailand
KRW 2298472
5.0%
5
Philippines
KRW 2265147
6.4%
6
Indonesia
KRW 2219360
8.3%
7
Taiwan
KRW 2205299
8.9%
8
South Korea
KRW 2160839
10.7%
9
New Zealand
KRW 2131769
11.9%
10
Malaysia
KRW 2129977
12.0%
11
India
KRW 2129111
12.0%
12
China
KRW 2100439
13.2%
13
Vietnam
KRW 2057132
15.0%
14
Japan
KRW 1966006
18.7%
15
Kazakhstan
KRW 1916200
20.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 2361983
2.4%
1
Brazil
KRW 2237985
7.5%
2
Puerto Rico
KRW 2227092
8.0%
3
Colombia
KRW 2225888
8.0%
4
Ecuador
KRW 2190800
9.5%
5
Guatemala
KRW 2187456
9.6%
6
Costa Rica
KRW 2165402
10.5%
7
Panama
KRW 2153306
11.0%
8
Peru
KRW 2117012
12.5%
9
Argentina
KRW 2008139
17.0%
10
Chile
KRW 1993622
17.6%
11
Uruguay
KRW 1981525
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 2395250
1.0%
1
Zambia
KRW 2274277
6.0%
2
Morocco
KRW 2256373
6.7%
3
Ivory Coast
KRW 2130858
11.9%
4
Kenya
KRW 2112593
12.7%
5
Cameroon
KRW 2041333
15.6%
6
Mozambique
KRW 2018390
16.6%
7
Uganda
KRW 2009428
17.0%
8
Senegal
KRW 2005862
17.1%
9
Ghana
KRW 1976417
18.3%
10
Angola
KRW 1887800
22.0%
11
Nigeria
KRW 1804667
25.4%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 2419446
0.0%
1
United Arab Emirates
KRW 2298471
5.0%
2
Qatar
KRW 2298472
5.0%
3
Bahrain
KRW 2225879
8.0%
4
Oman
KRW 2225882
8.0%
5
Kuwait
KRW 2153289
11.0%
6
Israel
KRW 2101287
13.2%
7
Lebanon
KRW 2035855
15.9%
8
Egypt
KRW 1947886
19.5%
9
Turkey
KRW 1744096
27.9%
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.