Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
94,200 원
Income Tax
- 1,169 원
Local Tax
- 117 원
National Pension
- 4,239 원
National Health Insurance
- 3,696 원
Employment Insurance
- 848 원
Total tax
- 10,069 원
Net pay
* 84,131 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
84,131 원
Net pay
18,015 원
Tax the employer pays
10,069 원
Tax you pay
Total tax paid
28,083 원
Did you know your employer also pays tax on your salary? It costs the employer 18,015 원 to pay you 94,200 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 94,200 원 a year living in South Korea, you will be taxed 10,069 원. That means that your net pay will be 84,131 원 per year, or 7,011 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 10.68 원, hence, your net pay will only increase by 89.32 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 94208
0.0%
1
Germany
KRW 94193
0.0%
2
Austria
KRW 94193
0.0%
3
Ireland
KRW 94193
0.0%
4
Sweden
KRW 94200
0.0%
5
Norway
KRW 94200
0.0%
6
Spain
KRW 88225
6.4%
7
Italy
KRW 85547
9.2%
8
France
KRW 85068
9.7%
9
Czech Republic
KRW 83838
11.0%
10
Luxembourg
KRW 83797
11.1%
11
Russia
KRW 81954
13.0%
12
Hungary
KRW 76773
18.5%
13
Ukraine
KRW 75831
19.5%
14
Poland
KRW 73969
21.5%
15
Greece
KRW 73625
21.8%
16
Portugal
KRW 70125
25.6%
17
Finland
KRW 65234
30.7%
18
Belgium
KRW 64052
32.0%
19
Netherlands
KRW 58981
37.4%
20
Romania
KRW 55106
41.5%
21
Switzerland
KRW 48822
48.2%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 92706
1.6%
1
USA
KRW 86028
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 94201
0.0%
1
Singapore
KRW 94205
0.0%
2
Hong Kong
KRW 94200
0.0%
3
Thailand
KRW 89490
5.0%
4
Indonesia
KRW 85910
8.8%
5
Taiwan
KRW 85862
8.9%
6
South Korea
KRW 84131
10.7%
7
New Zealand
KRW 82997
11.9%
8
India
KRW 82902
12.0%
9
China
KRW 81780
13.2%
10
Vietnam
KRW 80094
15.0%
11
Pakistan
KRW 79021
16.1%
12
Japan
KRW 76546
18.7%
13
Malaysia
KRW 76353
19.0%
14
Kazakhstan
KRW 74606
20.8%
15
Philippines
KRW 43059
54.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 91963
2.4%
1
Brazil
KRW 87135
7.5%
2
Puerto Rico
KRW 86703
8.0%
3
Colombia
KRW 86664
8.0%
4
Ecuador
KRW 85296
9.5%
5
Guatemala
KRW 85167
9.6%
6
Costa Rica
KRW 84309
10.5%
7
Panama
KRW 83842
11.0%
8
Peru
KRW 82426
12.5%
9
Argentina
KRW 78186
17.0%
10
Chile
KRW 77621
17.6%
11
Uruguay
KRW 77150
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 93258
1.0%
1
Uganda
KRW 89490
5.0%
2
Angola
KRW 89245
5.3%
3
Ghana
KRW 89019
5.5%
4
Zambia
KRW 88548
6.0%
5
Morocco
KRW 87851
6.7%
6
Ivory Coast
KRW 87135
7.5%
7
Senegal
KRW 84042
10.8%
8
Cameroon
KRW 79478
15.6%
9
Nigeria
KRW 78407
16.8%
10
Mozambique
KRW 70137
25.5%
11
Kenya
KRW 48412
48.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 94200
0.0%
1
Saudi Arabia
KRW 94201
0.0%
2
United Arab Emirates
KRW 89490
5.0%
3
Qatar
KRW 89489
5.0%
4
Lebanon
KRW 87606
7.0%
5
Oman
KRW 86657
8.0%
6
Bahrain
KRW 86682
8.0%
7
Kuwait
KRW 83818
11.0%
8
Israel
KRW 81815
13.2%
9
Turkey
KRW 79355
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.