Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
172,510 원
Income Tax
- 2,140 원
Local Tax
- 214 원
National Pension
- 7,763 원
National Health Insurance
- 6,769 원
Employment Insurance
- 1,553 원
Total tax
- 18,439 원
Net pay
* 154,071 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
154,071 원
Net pay
32,991 원
Tax the employer pays
18,439 원
Tax you pay
Total tax paid
51,430 원
Did you know your employer also pays tax on your salary? It costs the employer 32,991 원 to pay you 172,510 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.
Summary
If you make 2,070,120 원 a year living in South Korea, you will be taxed 221,267 원. That means that your net pay will be 1,848,853 원 per year, or 154,071 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 2070128
0.0%
1
Germany
KRW 2070123
0.0%
2
Austria
KRW 2070123
0.0%
3
Ireland
KRW 2070123
0.0%
4
Norway
KRW 2070120
0.0%
5
Sweden
KRW 2063387
0.3%
6
Spain
KRW 1938668
6.4%
7
Switzerland
KRW 1891073
8.7%
8
Italy
KRW 1879882
9.2%
9
France
KRW 1869321
9.7%
10
Czech Republic
KRW 1842407
11.0%
11
Luxembourg
KRW 1841379
11.1%
12
Russia
KRW 1801004
13.0%
13
Hungary
KRW 1687148
18.5%
14
Ukraine
KRW 1666447
19.5%
15
Poland
KRW 1625540
21.5%
16
Greece
KRW 1617826
21.9%
17
Portugal
KRW 1541209
25.6%
18
Finland
KRW 1433553
30.8%
19
Belgium
KRW 1407675
32.0%
20
Denmark
KRW 1307558
36.8%
21
Netherlands
KRW 1302682
37.1%
22
Romania
KRW 1211022
41.5%
23
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 2020954
2.4%
1
Brazil
KRW 1914860
7.5%
2
Puerto Rico
KRW 1905547
8.0%
3
Colombia
KRW 1904510
8.0%
4
Ecuador
KRW 1874492
9.5%
5
Guatemala
KRW 1871626
9.6%
6
Costa Rica
KRW 1852757
10.5%
7
Panama
KRW 1842411
11.0%
8
Peru
KRW 1811356
12.5%
9
Argentina
KRW 1718200
17.0%
10
Chile
KRW 1705779
17.6%
11
Uruguay
KRW 1695428
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 2070121
0.0%
1
United Arab Emirates
KRW 1966613
5.0%
2
Qatar
KRW 1966613
5.0%
3
Bahrain
KRW 1904508
8.0%
4
Oman
KRW 1904519
8.0%
5
Kuwait
KRW 1842385
11.0%
6
Israel
KRW 1797897
13.2%
7
Lebanon
KRW 1759889
15.0%
8
Turkey
KRW 1705891
17.6%
9
Egypt
KRW 1699167
17.9%
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.