Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,679,947 원
Income Tax
- 51,313 원
Local Tax
- 5,131 원
National Pension
- 75,598 원
National Health Insurance
- 65,921 원
Employment Insurance
- 15,120 원
Total tax
- 213,083 원
Net pay
* 1,466,864 원
Marginal tax rate
15.8%
Average tax rate
12.7%
87.3%
Net pay
12.7%
Total tax
Total tax
Net pay
The Taxberg
1,466,864 원
Net pay
321,273 원
Tax the employer pays
213,083 원
Tax you pay
Total tax paid
534,356 원
Did you know your employer also pays tax on your salary? It costs the employer 321,273 원 to pay you 1,679,947 원. In other words, every time you spend 10 원 of your hard-earned money, 3.18 원 goes to the government.
Real tax rate
26.7%
So, with you and the employer both paying tax, what used to be a 12.7% tax rate now rises to 26.7%, meaning your real tax rate is actually 14% higher than what it seemed at first.
Summary
If you make 20,159,364 원 a year living in South Korea, you will be taxed 2,556,992 원. That means that your net pay will be 17,602,372 원 per year, or 1,466,864 원 per month. Your average tax rate is 12.7% 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.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
KRW 17887659
11.3%
1
Canada
KRW 15299542
24.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 19452759
3.5%
1
Hong Kong
KRW 19151397
5.0%
2
Thailand
KRW 18685364
7.3%
3
Taiwan
KRW 18375765
8.9%
4
Pakistan
KRW 17608892
12.7%
5
South Korea
KRW 17602372
12.7%
6
Malaysia
KRW 17222771
14.6%
7
New Zealand
KRW 17171605
14.8%
8
Indonesia
KRW 17138538
15.0%
9
Philippines
KRW 16463347
18.3%
10
Japan
KRW 16353699
18.9%
11
Singapore
KRW 16135215
20.0%
12
Kazakhstan
KRW 15983486
20.7%
13
Vietnam
KRW 15533657
23.0%
14
India
KRW 14703372
27.1%
15
China
KRW 14271297
29.2%
16
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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.