Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
5,200,000 원
Income Tax
- 1,873,643 원
Local Tax
- 187,364 원
National Pension
- 10,883 원
National Health Insurance
- 204,048 원
Employment Insurance
- 46,800 원
Total tax
- 2,322,739 원
Net pay
* 2,877,261 원
Marginal tax rate
47.9%
Average tax rate
44.7%
55.3%
Net pay
44.7%
Total tax
Total tax
Net pay
The Taxberg
2,877,261 원
Net pay
771,332 원
Tax the employer pays
2,322,739 원
Tax you pay
Total tax paid
3,094,070 원
Did you know your employer also pays tax on your salary? It costs the employer 771,332 원 to pay you 5,200,000 원. In other words, every time you spend 10 원 of your hard-earned money, 5.95 원 goes to the government.
Real tax rate
51.8%
So, with you and the employer both paying tax, what used to be a 44.7% tax rate now rises to 51.8%, meaning your real tax rate is actually 7.1% higher than what it seemed at first.
Summary
If you make 1,352,000,000 원 a year living in South Korea, you will be taxed 603,912,016 원. That means that your net pay will be 748,087,984 원 per year, or 62,340,665 원 per month. Your average tax rate is 44.7% and your marginal tax rate is 47.9%. 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 47.87 원, hence, your net pay will only increase by 52.13 원.
Bonus Example
A 1,000 원 bonus will generate an extra 521 원 of net incomes. A 5,000 원 bonus will generate an extra 2,607 원 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Russia
KRW 1176240000
13.0%
1
Hungary
KRW 1101880000
18.5%
2
Ukraine
KRW 1088360000
19.5%
3
Czech Republic
KRW 1039554658
23.1%
4
Romania
KRW 790919998
41.5%
5
Poland
KRW 782014765
42.2%
6
Greece
KRW 760010526
43.8%
7
Switzerland
KRW 754170694
44.2%
8
United Kingdom
KRW 730958809
45.9%
9
Norway
KRW 731018340
45.9%
10
Spain
KRW 725163502
46.4%
11
Luxembourg
KRW 717067942
47.0%
12
Austria
KRW 715582005
47.1%
13
Denmark
KRW 710653747
47.4%
14
Netherlands
KRW 695663118
48.6%
15
Sweden
KRW 689549806
49.0%
16
Germany
KRW 674498406
50.1%
17
Ireland
KRW 669788067
50.5%
18
Italy
KRW 623754181
53.9%
19
France
KRW 617427272
54.3%
20
Finland
KRW 519334153
61.6%
21
Belgium
KRW 513017820
62.1%
22
Portugal
KRW 499286863
63.1%
23
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North America
Country 
Net pay
Average tax
Rank
USA
KRW 769934330
43.1%
1
Canada
KRW 661155342
51.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
KRW 1207238701
10.7%
1
Hong Kong
KRW 1126774446
16.7%
2
Singapore
KRW 1066603875
21.1%
3
Indonesia
KRW 919176777
32.0%
4
Thailand
KRW 898183832
33.6%
5
Pakistan
KRW 885084140
34.5%
6
Vietnam
KRW 881106939
34.8%
7
Philippines
KRW 849259354
37.2%
8
Taiwan
KRW 846631977
37.4%
9
New Zealand
KRW 839692859
37.9%
10
Malaysia
KRW 824997326
39.0%
11
China
KRW 783540557
42.1%
12
Japan
KRW 765786023
43.4%
13
South Korea
KRW 748087984
44.7%
14
Australia
KRW 743578688
45.0%
15
India
KRW 462349869
65.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
KRW 1197720771
11.4%
1
Brazil
KRW 980988930
27.4%
2
Costa Rica
KRW 923457333
31.7%
3
Panama
KRW 911808630
32.6%
4
Mexico
KRW 885578907
34.5%
5
Puerto Rico
KRW 882062620
34.8%
6
Argentina
KRW 878790220
35.0%
7
Uruguay
KRW 859513398
36.4%
8
Colombia
KRW 857832618
36.6%
9
Chile
KRW 845489216
37.5%
10
Peru
KRW 839177478
37.9%
11
Ecuador
KRW 790443674
41.5%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
KRW 983823362
27.2%
1
Kenya
KRW 947111674
30.0%
2
Ivory Coast
KRW 920829429
31.9%
3
Nigeria
KRW 919804969
32.0%
4
Ghana
KRW 895748999
33.8%
5
Mozambique
KRW 881906305
34.8%
6
Zambia
KRW 831890155
38.5%
7
Cameroon
KRW 824896272
39.0%
8
Morocco
KRW 822469715
39.2%
9
Senegal
KRW 812806675
39.9%
10
South Africa
KRW 757575242
44.0%
11
Uganda
KRW 748618242
44.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
Kuwait
KRW 1337091452
1.1%
1
Saudi Arabia
KRW 1331764285
1.5%
2
Bahrain
KRW 1325931412
1.9%
3
United Arab Emirates
KRW 1284400001
5.0%
4
Qatar
KRW 1284400000
5.0%
5
Oman
KRW 1243839996
8.0%
6
Egypt
KRW 1014388102
25.0%
7
Lebanon
KRW 1014265786
25.0%
8
Turkey
KRW 787687468
41.7%
9
Israel
KRW 710413833
47.5%
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.