Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
370,000 원
Income Tax
- 4,590 원
Local Tax
- 459 원
National Pension
- 16,650 원
National Health Insurance
- 14,519 원
Employment Insurance
- 3,330 원
Total tax
- 39,548 원
Net pay
* 330,452 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
Summary
If you make 370,000 원 a year living in South Korea, you will be taxed 39,548 원. That means that your net pay will be 330,452 원 per year, or 27,538 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 369992
0.0%
1
Germany
KRW 369996
0.0%
2
Austria
KRW 369996
0.0%
3
Ireland
KRW 369996
0.0%
4
Sweden
KRW 370000
0.0%
5
Norway
KRW 370000
0.0%
6
Spain
KRW 346511
6.4%
7
Italy
KRW 335996
9.2%
8
France
KRW 334096
9.7%
9
Czech Republic
KRW 329300
11.0%
10
Luxembourg
KRW 329115
11.1%
11
Russia
KRW 321900
13.0%
12
Switzerland
KRW 306077
17.3%
13
Hungary
KRW 301550
18.5%
14
Ukraine
KRW 297850
19.5%
15
Poland
KRW 290539
21.5%
16
Greece
KRW 289161
21.9%
17
Portugal
KRW 275459
25.6%
18
Finland
KRW 256222
30.8%
19
Belgium
KRW 251600
32.0%
20
Netherlands
KRW 232753
37.1%
21
Romania
KRW 216450
41.5%
22
Denmark
KRW 103296
72.3%
23
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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.