Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
14,001 원
Income Tax
- 174 원
Local Tax
- 17.37 원
National Pension
- 630 원
National Health Insurance
- 549 원
Employment Insurance
- 126 원
Total tax
- 1,497 원
Net pay
* 12,504 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
12,504 원
Net pay
2,678 원
Tax the employer pays
1,497 원
Tax you pay
Total tax paid
4,174 원
Did you know your employer also pays tax on your salary? It costs the employer 2,678 원 to pay you 14,001 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.
People also ask
168,012 원 yearly is how much per hour?
80.78 원 hourly is how much per year?
Summary
If you make 168,012 원 a year living in South Korea, you will be taxed 17,958 원. That means that your net pay will be 150,054 원 per year, or 12,504 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 10.69 원, hence, your net pay will only increase by 89.31 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
Tax per income
14,500 원
15,000 원
15,500 원
16,000 원
16,500 원
17,000 원
17,500 원
18,000 원
18,500 원
19,000 원
19,500 원
20,000 원
20,500 원
21,000 원
21,500 원
22,000 원
22,500 원
23,000 원
23,500 원
24,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 165356
1.6%
1
USA
KRW 153459
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 168009
0.0%
1
Singapore
KRW 168015
0.0%
2
Hong Kong
KRW 168013
0.0%
3
Thailand
KRW 159611
5.0%
4
Indonesia
KRW 153227
8.8%
5
Taiwan
KRW 153141
8.9%
6
Pakistan
KRW 152833
9.0%
7
South Korea
KRW 150054
10.7%
8
New Zealand
KRW 148039
11.9%
9
India
KRW 147851
12.0%
10
China
KRW 145859
13.2%
11
Vietnam
KRW 142852
15.0%
12
Malaysia
KRW 142486
15.2%
13
Japan
KRW 136524
18.7%
14
Kazakhstan
KRW 133065
20.8%
15
Philippines
KRW 116135
30.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 164022
2.4%
1
Brazil
KRW 155410
7.5%
2
Puerto Rico
KRW 154656
8.0%
3
Colombia
KRW 154571
8.0%
4
Ecuador
KRW 152136
9.5%
5
Guatemala
KRW 151901
9.6%
6
Costa Rica
KRW 150371
10.5%
7
Panama
KRW 149536
11.0%
8
Peru
KRW 147009
12.5%
9
Argentina
KRW 139450
17.0%
10
Chile
KRW 138442
17.6%
11
Uruguay
KRW 137602
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 166332
1.0%
1
Uganda
KRW 159611
5.0%
2
Ghana
KRW 158771
5.5%
3
Zambia
KRW 157931
6.0%
4
Morocco
KRW 156688
6.7%
5
Ivory Coast
KRW 155411
7.5%
6
Angola
KRW 152149
9.4%
7
Senegal
KRW 151506
9.8%
8
Cameroon
KRW 141755
15.6%
9
Nigeria
KRW 139845
16.8%
10
Mozambique
KRW 134353
20.0%
11
Kenya
KRW 122224
27.3%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 168012
0.0%
1
Saudi Arabia
KRW 168013
0.0%
2
United Arab Emirates
KRW 159610
5.0%
3
Qatar
KRW 159611
5.0%
4
Lebanon
KRW 155450
7.5%
5
Bahrain
KRW 154579
8.0%
6
Oman
KRW 154557
8.0%
7
Kuwait
KRW 149543
11.0%
8
Israel
KRW 145919
13.2%
9
Turkey
KRW 141535
15.8%
10
Show more
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.