Summary
If you make 21,546,720 원 a year living in South Korea, you will be taxed 2,775,581 원. That means that your net pay will be 18,771,139 원 per year, or 1,564,262 원 per month. Your average tax rate is 12.9% and your marginal tax rate is 15.8%. 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 15.75 원, hence, your net pay will only increase by 84.25 원.
Bonus Example
A 1,000 원 bonus will generate an extra 843 원 of net incomes. A 5,000 원 bonus will generate an extra 4,213 원 of net incomes.