Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
8,999,987 원
Income Tax
- 183,650 원
Local Tax
- 18,365 원
National Pension
- 404,999 원
National Health Insurance
- 353,159 원
Employment Insurance
- 81,000 원
Total tax
- 1,041,174 원
Net pay
* 7,958,813 원
Marginal tax rate
12.7%
Average tax rate
11.6%
88.4%
Net pay
11.6%
Total tax
Total tax
Net pay
The Taxberg
7,958,813 원
Net pay
1,721,158 원
Tax the employer pays
1,041,174 원
Tax you pay
Total tax paid
2,762,332 원
Did you know your employer also pays tax on your salary? It costs the employer 1,721,158 원 to pay you 8,999,987 원. In other words, every time you spend 10 원 of your hard-earned money, 3.07 원 goes to the government.
Real tax rate
25.8%
So, with you and the employer both paying tax, what used to be a 11.6% tax rate now rises to 25.8%, meaning your real tax rate is actually 14.2% higher than what it seemed at first.
Summary
If you make 8,999,987 원 a year living in South Korea, you will be taxed 1,041,174 원. That means that your net pay will be 7,958,813 원 per year, or 663,234 원 per month. Your average tax rate is 11.6% and your marginal tax rate is 12.7%. 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 12.67 원, hence, your net pay will only increase by 87.33 원.
Bonus Example
A 1,000 원 bonus will generate an extra 873 원 of net incomes. A 5,000 원 bonus will generate an extra 4,367 원 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
KRW 8222596
8.6%
1
Canada
KRW 7113853
21.0%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 8570012
4.8%
1
Morocco
KRW 7834894
13.0%
2
Cameroon
KRW 7191158
20.1%
3
Ivory Coast
KRW 7178488
20.2%
4
Mozambique
KRW 7149488
20.6%
5
Kenya
KRW 7045696
21.7%
6
Angola
KRW 6757367
24.9%
7
Ghana
KRW 6747887
25.0%
8
Nigeria
KRW 6296361
30.0%
9
Uganda
KRW 6262933
30.4%
10
Senegal
KRW 6254934
30.5%
11
Zambia
KRW 6253620
30.5%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 8549987
5.0%
1
Qatar
KRW 8549989
5.0%
2
Bahrain
KRW 8279971
8.0%
3
Oman
KRW 8279997
8.0%
4
Saudi Arabia
KRW 8099989
10.0%
5
Kuwait
KRW 8009988
11.0%
6
Israel
KRW 7816488
13.2%
7
Egypt
KRW 7068198
21.5%
8
Lebanon
KRW 7015776
22.1%
9
Turkey
KRW 5507805
38.8%
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.