Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
780,000 원
Income Tax
- 9,676 원
Local Tax
- 968 원
National Pension
- 35,100 원
National Health Insurance
- 30,607 원
Employment Insurance
- 7,020 원
Total tax
- 83,371 원
Net pay
* 696,629 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
696,629 원
Net pay
149,167 원
Tax the employer pays
83,371 원
Tax you pay
Total tax paid
232,538 원
Did you know your employer also pays tax on your salary? It costs the employer 149,167 원 to pay you 780,000 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.
Summary
If you make 780,000 원 a year living in South Korea, you will be taxed 83,371 원. That means that your net pay will be 696,629 원 per year, or 58,052 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.
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 767672
1.6%
1
USA
KRW 712435
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 779999
0.0%
1
Singapore
KRW 780002
0.0%
2
Hong Kong
KRW 780001
0.0%
3
Pakistan
KRW 764821
2.0%
4
Thailand
KRW 741000
5.0%
5
Indonesia
KRW 711360
8.8%
6
Taiwan
KRW 710962
8.9%
7
South Korea
KRW 696629
10.7%
8
Philippines
KRW 694346
11.0%
9
New Zealand
KRW 687257
11.9%
10
India
KRW 686400
12.0%
11
Malaysia
KRW 681421
12.6%
12
China
KRW 677156
13.2%
13
Vietnam
KRW 663195
15.0%
14
Japan
KRW 633817
18.7%
15
Kazakhstan
KRW 617760
20.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 761475
2.4%
1
Brazil
KRW 721500
7.5%
2
Puerto Rico
KRW 717996
8.0%
3
Colombia
KRW 717600
8.0%
4
Ecuador
KRW 706283
9.5%
5
Guatemala
KRW 705210
9.6%
6
Costa Rica
KRW 698100
10.5%
7
Panama
KRW 694203
11.0%
8
Peru
KRW 682499
12.5%
9
Argentina
KRW 647400
17.0%
10
Chile
KRW 642720
17.6%
11
Uruguay
KRW 638820
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 772200
1.0%
1
Uganda
KRW 738389
5.3%
2
Zambia
KRW 733200
6.0%
3
Morocco
KRW 727429
6.7%
4
Ivory Coast
KRW 721500
7.5%
5
Senegal
KRW 710863
8.9%
6
Ghana
KRW 698266
10.5%
7
Kenya
KRW 691114
11.4%
8
Mozambique
KRW 666570
14.5%
9
Cameroon
KRW 658102
15.6%
10
Angola
KRW 624544
19.9%
11
Nigeria
KRW 623599
20.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 780001
0.0%
1
United Arab Emirates
KRW 740998
5.0%
2
Qatar
KRW 741000
5.0%
3
Bahrain
KRW 717585
8.0%
4
Oman
KRW 717609
8.0%
5
Lebanon
KRW 695348
10.9%
6
Kuwait
KRW 694221
11.0%
7
Egypt
KRW 686324
12.0%
8
Israel
KRW 677428
13.2%
9
Turkey
KRW 657080
15.8%
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.