55,000 원 income tax calculator 2025 - South Korea

Salary rate

Annual

Month

Semimonthly

Weekly

Day

Hour

Withholding

Salary

55,000 원

Income Tax

- 682 원

Local Tax

- 68.23 원

National Pension

- 2,475 원

National Health Insurance

- 2,158 원

Employment Insurance

- 495 원

Total tax

- 5,879 원

Net pay

* 49,121 원

Marginal tax rate

10.7%

Average tax rate

10.7%

89.3%

Net pay

10.7%

Total tax

Net pay

The Taxberg

49,121 원

Net pay

10,518 원

Tax the employer pays

5,879 원

Tax you pay

Total tax paid

16,397 원

Did you know your employer also pays tax on your salary? It costs the employer 10,518 원 to pay you 55,000 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

55,000 원 yearly is how much per hour?

26.44 원 hourly is how much per year?

Summary

If you make 55,000 원 a year living in South Korea, you will be taxed 5,879 원. That means that your net pay will be 49,121 원 per year, or 4,093 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

Europe

United Kingdom

KRW 55001

0.0%

1

Germany

KRW 55002

0.0%

2

Austria

KRW 55002

0.0%

3

Ireland

KRW 55002

0.0%

4

Sweden

KRW 55000

0.0%

5

Norway

KRW 55000

0.0%

6

Spain

KRW 51517

6.4%

7

Italy

KRW 49946

9.2%

8

France

KRW 49677

9.7%

9

Czech Republic

KRW 48950

11.0%

10

Luxembourg

KRW 48929

11.1%

11

Russia

KRW 47850

13.0%

12

Hungary

KRW 44825

18.5%

13

Ukraine

KRW 44275

19.5%

14

Poland

KRW 43189

21.5%

15

Greece

KRW 42990

21.8%

16

Portugal

KRW 40941

25.5%

17

Finland

KRW 38084

30.8%

18

Belgium

KRW 37396

32.0%

19

Netherlands

KRW 33836

38.5%

20

Romania

KRW 32175

41.5%

21

Switzerland

KRW 12808

76.7%

22

Denmark

KRW 0

100.0%

23

North America

Canada

KRW 54127

1.6%

1

USA

KRW 50229

8.7%

2

Asia / Pacific

Australia

KRW 54999

0.0%

1

Singapore

KRW 55002

0.0%

2

Hong Kong

KRW 55001

0.0%

3

Thailand

KRW 52250

5.0%

4

Indonesia

KRW 50160

8.8%

5

Taiwan

KRW 50132

8.9%

6

South Korea

KRW 49121

10.7%

7

New Zealand

KRW 48459

11.9%

8

India

KRW 48400

12.0%

9

China

KRW 47749

13.2%

10

Vietnam

KRW 46764

15.0%

11

Japan

KRW 44692

18.7%

12

Kazakhstan

KRW 43560

20.8%

13

Malaysia

KRW 43007

21.8%

14

Pakistan

KRW 39821

27.6%

15

Philippines

KRW 22519

59.1%

16

Latin America

Mexico

KRW 53694

2.4%

1

Brazil

KRW 50875

7.5%

2

Puerto Rico

KRW 50623

8.0%

3

Colombia

KRW 50600

8.0%

4

Ecuador

KRW 49806

9.4%

5

Guatemala

KRW 49727

9.6%

6

Costa Rica

KRW 49225

10.5%

7

Panama

KRW 48950

11.0%

8

Peru

KRW 48126

12.5%

9

Argentina

KRW 45650

17.0%

10

Chile

KRW 45320

17.6%

11

Uruguay

KRW 45045

18.1%

12

Africa

South Africa

KRW 54450

1.0%

1

Angola

KRW 53350

3.0%

2

Uganda

KRW 52250

5.0%

3

Ghana

KRW 51975

5.5%

4

Zambia

KRW 51700

6.0%

5

Morocco

KRW 51293

6.7%

6

Ivory Coast

KRW 50875

7.5%

7

Senegal

KRW 48213

12.3%

8

Cameroon

KRW 46405

15.6%

9

Nigeria

KRW 45779

16.8%

10

Mozambique

KRW 36033

34.5%

11

Kenya

KRW 9212

83.3%

12

Middle East

Egypt

KRW 55000

0.0%

1

Saudi Arabia

KRW 55000

0.0%

2

United Arab Emirates

KRW 52248

5.0%

3

Qatar

KRW 52251

5.0%

4

Lebanon

KRW 51150

7.0%

5

Oman

KRW 50605

8.0%

6

Bahrain

KRW 50605

8.0%

7

Kuwait

KRW 48962

11.0%

8

Israel

KRW 47768

13.2%

9

Turkey

KRW 46332

15.8%

10

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.

Income tax calculator South Korea

Find out how much your salary is after tax