Summary
If you make 17,546,688 원 a year living in South Korea, you will be taxed 2,165,943 원. That means that your net pay will be 15,380,745 원 per year, or 1,281,729 원 per month. Your average tax rate is 12.3% and your marginal tax rate is 14.3%. 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 14.31 원, hence, your net pay will only increase by 85.69 원.
Bonus Example
A 1,000 원 bonus will generate an extra 857 원 of net incomes. A 5,000 원 bonus will generate an extra 4,285 원 of net incomes.