Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
4,760 원
Income Tax
- 59.05 원
Local Tax
- 5.91 원
National Pension
- 214 원
National Health Insurance
- 187 원
Employment Insurance
- 42.84 원
Total tax
- 509 원
Net pay
* 4,251 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
4,251 원
Net pay
910 원
Tax the employer pays
509 원
Tax you pay
Total tax paid
1,419 원
Did you know your employer also pays tax on your salary? It costs the employer 910 원 to pay you 4,760 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 4,760 원 a year living in South Korea, you will be taxed 509 원. That means that your net pay will be 4,251 원 per year, or 354 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 4765
0.0%
1
Germany
KRW 4757
0.0%
2
Austria
KRW 4757
0.0%
3
Ireland
KRW 4757
0.0%
4
Sweden
KRW 4761
0.0%
5
Norway
KRW 4760
0.0%
6
Spain
KRW 4458
6.3%
7
Italy
KRW 4323
9.1%
8
France
KRW 4293
9.7%
9
Czech Republic
KRW 4236
11.0%
10
Luxembourg
KRW 4233
11.0%
11
Russia
KRW 4141
13.0%
12
Hungary
KRW 3879
18.5%
13
Ukraine
KRW 3832
19.5%
14
Poland
KRW 3738
21.5%
15
Greece
KRW 3725
21.9%
16
Portugal
KRW 3545
25.5%
17
Netherlands
KRW 3381
28.9%
18
Finland
KRW 3291
30.8%
19
Belgium
KRW 3231
32.1%
20
Romania
KRW 2766
41.9%
21
Denmark
KRW 0
100.0%
22
Switzerland
KRW 4753
808.7%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 4679
1.7%
1
USA
KRW 4350
8.9%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 4762
0.0%
1
Singapore
KRW 4765
0.0%
2
Hong Kong
KRW 4759
0.0%
3
Thailand
KRW 4522
5.0%
4
Indonesia
KRW 4341
8.8%
5
Taiwan
KRW 4339
8.9%
6
South Korea
KRW 4251
10.7%
7
New Zealand
KRW 4194
12.0%
8
India
KRW 4190
12.0%
9
Malaysia
KRW 4188
12.0%
10
China
KRW 4133
13.2%
11
Vietnam
KRW 4047
15.0%
12
Japan
KRW 3868
18.7%
13
Kazakhstan
KRW 3770
20.8%
14
Philippines
KRW 1949
59.1%
15
Pakistan
KRW 4760
318.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 4647
2.4%
1
Brazil
KRW 4403
7.5%
2
Puerto Rico
KRW 4392
7.7%
3
Colombia
KRW 4379
8.0%
4
Ecuador
KRW 4308
9.5%
5
Guatemala
KRW 4303
9.6%
6
Costa Rica
KRW 4260
10.5%
7
Panama
KRW 4231
11.0%
8
Peru
KRW 4167
12.5%
9
Argentina
KRW 3951
17.0%
10
Chile
KRW 3922
17.6%
11
Uruguay
KRW 3898
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 4713
1.0%
1
Angola
KRW 4617
3.0%
2
Uganda
KRW 4522
5.0%
3
Ghana
KRW 4498
5.5%
4
Zambia
KRW 4474
6.0%
5
Morocco
KRW 4439
6.7%
6
Ivory Coast
KRW 4403
7.5%
7
Cameroon
KRW 4016
15.6%
8
Nigeria
KRW 3962
16.8%
9
Senegal
KRW 2294
51.8%
10
Mozambique
KRW 4760
261.3%
11
Kenya
KRW 4760
961.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 4760
0.0%
1
Saudi Arabia
KRW 4759
0.0%
2
United Arab Emirates
KRW 4523
5.0%
3
Qatar
KRW 4521
5.0%
4
Lebanon
KRW 4427
7.0%
5
Oman
KRW 4388
7.7%
6
Bahrain
KRW 4370
7.9%
7
Kuwait
KRW 4214
10.7%
8
Israel
KRW 4136
13.2%
9
Turkey
KRW 4010
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.