Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
5,225 원
Income Tax
- 116 원
Local Tax
- 11.56 원
National Pension
- 235 원
National Health Insurance
- 205 원
Employment Insurance
- 47.03 원
Total tax
- 614 원
Net pay
* 4,611 원
Marginal tax rate
12.7%
Average tax rate
11.8%
88.2%
Net pay
11.8%
Total tax
Total tax
Net pay
The Taxberg
4,611 원
Net pay
999 원
Tax the employer pays
614 원
Tax you pay
Total tax paid
1,614 원
Did you know your employer also pays tax on your salary? It costs the employer 999 원 to pay you 5,225 원. In other words, every time you spend 10 원 of your hard-earned money, 3.09 원 goes to the government.
Real tax rate
25.9%
So, with you and the employer both paying tax, what used to be a 11.8% tax rate now rises to 25.9%, meaning your real tax rate is actually 14.1% higher than what it seemed at first.
Summary
If you make 10,868,000 원 a year living in South Korea, you will be taxed 1,277,825 원. That means that your net pay will be 9,590,175 원 per year, or 799,181 원 per month. Your average tax rate is 11.8% 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
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 10868003
0.0%
1
Ireland
KRW 10867994
0.0%
2
Norway
KRW 10209269
6.1%
3
Spain
KRW 10177888
6.4%
4
Switzerland
KRW 10090691
7.2%
5
Italy
KRW 9869222
9.2%
6
France
KRW 9813801
9.7%
7
Czech Republic
KRW 9672520
11.0%
8
Luxembourg
KRW 9660268
11.1%
9
Russia
KRW 9455160
13.0%
10
Austria
KRW 9240281
15.0%
11
Hungary
KRW 8857420
18.5%
12
Ukraine
KRW 8748740
19.5%
13
Germany
KRW 8729721
19.7%
14
Sweden
KRW 8601449
20.9%
15
Poland
KRW 8533977
21.5%
16
Greece
KRW 8493438
21.9%
17
Portugal
KRW 8028037
26.1%
18
Finland
KRW 7526093
30.8%
19
Belgium
KRW 7390241
32.0%
20
Denmark
KRW 7226663
33.5%
21
Netherlands
KRW 6838965
37.1%
22
Romania
KRW 6357777
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
KRW 9912814
8.8%
1
Canada
KRW 8419884
22.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 10868003
0.0%
1
Hong Kong
KRW 10867999
0.0%
2
Thailand
KRW 10282123
5.4%
3
Pakistan
KRW 10177380
6.4%
4
Taiwan
KRW 9906073
8.9%
5
Malaysia
KRW 9590972
11.8%
6
South Korea
KRW 9590175
11.8%
7
New Zealand
KRW 9575797
11.9%
8
Philippines
KRW 9572879
11.9%
9
Indonesia
KRW 9486180
12.7%
10
Japan
KRW 8831183
18.7%
11
India
KRW 8821294
18.8%
12
Vietnam
KRW 8767627
19.3%
13
Singapore
KRW 8701416
19.9%
14
Kazakhstan
KRW 8607456
20.8%
15
China
KRW 7790570
28.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
KRW 10003994
8.0%
1
Colombia
KRW 9998560
8.0%
2
Ecuador
KRW 9840976
9.5%
3
Guatemala
KRW 9825922
9.6%
4
Costa Rica
KRW 9726860
10.5%
5
Panama
KRW 9672515
11.0%
6
Peru
KRW 9509499
12.5%
7
Mexico
KRW 9452080
13.0%
8
Brazil
KRW 9394658
13.6%
9
Chile
KRW 8955232
17.6%
10
Uruguay
KRW 8683532
20.1%
11
Argentina
KRW 7054420
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 10083103
7.2%
1
Morocco
KRW 9099438
16.3%
2
Mozambique
KRW 8577280
21.1%
3
Ivory Coast
KRW 8481429
22.0%
4
Cameroon
KRW 8475043
22.0%
5
Kenya
KRW 8337589
23.3%
6
Angola
KRW 8125407
25.2%
7
Ghana
KRW 8071841
25.7%
8
Nigeria
KRW 7566983
30.4%
9
Uganda
KRW 7477142
31.2%
10
Senegal
KRW 7434584
31.6%
11
Zambia
KRW 7309047
32.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 10324600
5.0%
1
Qatar
KRW 10324600
5.0%
2
Bahrain
KRW 9998566
8.0%
3
Oman
KRW 9998551
8.0%
4
Saudi Arabia
KRW 9781198
10.0%
5
Kuwait
KRW 9672508
11.0%
6
Israel
KRW 9438859
13.2%
7
Egypt
KRW 8513854
21.7%
8
Lebanon
KRW 8416786
22.6%
9
Turkey
KRW 6539552
39.8%
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.