Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
5,423 원
Income Tax
- 67.28 원
Local Tax
- 6.73 원
National Pension
- 244 원
National Health Insurance
- 213 원
Employment Insurance
- 48.81 원
Total tax
- 580 원
Net pay
* 4,843 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
4,843 원
Net pay
1,037 원
Tax the employer pays
580 원
Tax you pay
Total tax paid
1,617 원
Did you know your employer also pays tax on your salary? It costs the employer 1,037 원 to pay you 5,423 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
5,423 원 yearly is how much per hour?
2.61 원 hourly is how much per year?
Summary
If you make 5,423 원 a year living in South Korea, you will be taxed 580 원. That means that your net pay will be 4,843 원 per year, or 404 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
5,500 원
6,000 원
6,500 원
7,000 원
7,500 원
8,000 원
8,500 원
9,000 원
9,500 원
10,000 원
10,500 원
11,000 원
11,500 원
12,000 원
12,500 원
13,000 원
13,500 원
14,000 원
14,500 원
15,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 5334
1.7%
1
USA
KRW 4955
8.8%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 5294
2.4%
1
Brazil
KRW 5017
7.5%
2
Puerto Rico
KRW 4998
7.8%
3
Colombia
KRW 4989
8.0%
4
Ecuador
KRW 4913
9.4%
5
Guatemala
KRW 4903
9.6%
6
Costa Rica
KRW 4854
10.5%
7
Panama
KRW 4822
10.9%
8
Peru
KRW 4745
12.5%
9
Argentina
KRW 4501
17.0%
10
Chile
KRW 4469
17.6%
11
Uruguay
KRW 4442
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 5369
1.0%
1
Angola
KRW 5260
3.0%
2
Uganda
KRW 5152
5.0%
3
Ghana
KRW 5125
5.5%
4
Zambia
KRW 5098
6.0%
5
Morocco
KRW 5057
6.7%
6
Ivory Coast
KRW 5016
7.5%
7
Cameroon
KRW 4575
15.6%
8
Nigeria
KRW 4514
16.8%
9
Senegal
KRW 2900
46.5%
10
Mozambique
KRW 5423
230.9%
11
Kenya
KRW 5423
844.3%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 5423
0.0%
1
Saudi Arabia
KRW 5422
0.0%
2
Qatar
KRW 5153
5.0%
3
United Arab Emirates
KRW 5151
5.0%
4
Lebanon
KRW 5043
7.0%
5
Oman
KRW 4973
8.1%
6
Bahrain
KRW 5004
8.2%
7
Kuwait
KRW 4809
11.0%
8
Israel
KRW 4710
13.2%
9
Turkey
KRW 4568
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.