Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,255,000 원
Income Tax
- 348,256 원
Local Tax
- 34,826 원
National Pension
- 10,883 원
National Health Insurance
- 49,246 원
Employment Insurance
- 11,295 원
Total tax
- 454,506 원
Net pay
* 800,494 원
Marginal tax rate
44.7%
Average tax rate
36.2%
63.8%
Net pay
36.2%
Total tax
Total tax
Net pay
The Taxberg
800,494 원
Net pay
194,415 원
Tax the employer pays
454,506 원
Tax you pay
Total tax paid
648,921 원
Did you know your employer also pays tax on your salary? It costs the employer 194,415 원 to pay you 1,255,000 원. In other words, every time you spend 10 원 of your hard-earned money, 5.17 원 goes to the government.
Real tax rate
44.8%
So, with you and the employer both paying tax, what used to be a 36.2% tax rate now rises to 44.8%, meaning your real tax rate is actually 8.6% higher than what it seemed at first.
Summary
If you make 326,300,000 원 a year living in South Korea, you will be taxed 118,171,599 원. That means that your net pay will be 208,128,401 원 per year, or 17,344,033 원 per month. Your average tax rate is 36.2% and your marginal tax rate is 44.7%. 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 44.65 원, hence, your net pay will only increase by 55.35 원.
Bonus Example
A 1,000 원 bonus will generate an extra 554 원 of net incomes. A 5,000 원 bonus will generate an extra 2,768 원 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Russia
KRW 283881000
13.0%
1
Hungary
KRW 265934500
18.5%
2
Ukraine
KRW 262671500
19.5%
3
Czech Republic
KRW 249765658
23.5%
4
Switzerland
KRW 223051114
31.6%
5
United Kingdom
KRW 200159065
38.7%
6
Poland
KRW 191678258
41.3%
7
Norway
KRW 191500141
41.3%
8
Spain
KRW 191249279
41.4%
9
Romania
KRW 190885501
41.5%
10
Austria
KRW 190275592
41.7%
11
France
KRW 187097292
42.7%
12
Greece
KRW 185618534
43.1%
13
Denmark
KRW 185273796
43.2%
14
Netherlands
KRW 177684615
45.6%
15
Ireland
KRW 177452087
45.6%
16
Sweden
KRW 176600451
45.9%
17
Luxembourg
KRW 175293201
46.3%
18
Germany
KRW 173465464
46.8%
19
Italy
KRW 158291546
51.5%
20
Finland
KRW 141671405
56.6%
21
Portugal
KRW 136157455
58.3%
22
Belgium
KRW 129612184
60.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
KRW 214474294
34.3%
1
Canada
KRW 184508444
43.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
KRW 284108701
12.9%
1
Hong Kong
KRW 275443447
15.6%
2
Singapore
KRW 266180092
18.4%
3
Thailand
KRW 231478832
29.1%
4
Taiwan
KRW 231211977
29.1%
5
Indonesia
KRW 225803584
30.8%
6
China
KRW 219405557
32.8%
7
Pakistan
KRW 218379140
33.1%
8
Vietnam
KRW 214401929
34.3%
9
New Zealand
KRW 214015858
34.4%
10
Malaysia
KRW 213292211
34.6%
11
Philippines
KRW 212470617
34.9%
12
Japan
KRW 210245690
35.6%
13
South Korea
KRW 208128401
36.2%
14
Australia
KRW 199957695
38.7%
15
India
KRW 166845331
48.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
KRW 289893189
11.2%
1
Brazil
KRW 237356429
27.3%
2
Uruguay
KRW 235825204
27.7%
3
Costa Rica
KRW 234956208
28.0%
4
Colombia
KRW 230779402
29.3%
5
Chile
KRW 229737325
29.6%
6
Panama
KRW 227153883
30.4%
7
Puerto Rico
KRW 218947581
32.9%
8
Mexico
KRW 218821799
32.9%
9
Argentina
KRW 212085220
35.0%
10
Peru
KRW 210936231
35.4%
11
Ecuador
KRW 205317724
37.1%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
KRW 237626612
27.2%
1
Kenya
KRW 229121674
29.8%
2
Nigeria
KRW 222123829
31.9%
3
Ivory Coast
KRW 220968677
32.3%
4
Ghana
KRW 217248449
33.4%
5
Mozambique
KRW 215201306
34.1%
6
Zambia
KRW 201084655
38.4%
7
Morocco
KRW 200907823
38.4%
8
Cameroon
KRW 200398827
38.6%
9
Senegal
KRW 197386675
39.5%
10
South Africa
KRW 193440243
40.7%
11
Uganda
KRW 184483242
43.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
Kuwait
KRW 311391464
4.6%
1
Bahrain
KRW 310488417
4.9%
2
United Arab Emirates
KRW 309985002
5.0%
3
Qatar
KRW 309985000
5.0%
4
Saudi Arabia
KRW 306064286
6.2%
5
Oman
KRW 300196014
8.0%
6
Egypt
KRW 245113101
24.9%
7
Lebanon
KRW 244990786
24.9%
8
Israel
KRW 197563834
39.5%
9
Turkey
KRW 190309531
41.7%
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.