Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
31,417 원
Income Tax
- 390 원
Local Tax
- 38.98 원
National Pension
- 1,414 원
National Health Insurance
- 1,233 원
Employment Insurance
- 283 원
Total tax
- 3,358 원
Net pay
* 28,059 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
28,059 원
Net pay
6,008 원
Tax the employer pays
3,358 원
Tax you pay
Total tax paid
9,366 원
Did you know your employer also pays tax on your salary? It costs the employer 6,008 원 to pay you 31,417 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 377,004 원 a year living in South Korea, you will be taxed 40,297 원. That means that your net pay will be 336,707 원 per year, or 28,059 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
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 376996
0.0%
1
Germany
KRW 377011
0.0%
2
Austria
KRW 377011
0.0%
3
Ireland
KRW 377011
0.0%
4
Sweden
KRW 377004
0.0%
5
Norway
KRW 377004
0.0%
6
Spain
KRW 353063
6.4%
7
Italy
KRW 342368
9.2%
8
France
KRW 340438
9.7%
9
Czech Republic
KRW 335534
11.0%
10
Luxembourg
KRW 335352
11.1%
11
Russia
KRW 327993
13.0%
12
Switzerland
KRW 312632
17.1%
13
Hungary
KRW 307258
18.5%
14
Ukraine
KRW 303488
19.5%
15
Poland
KRW 296038
21.5%
16
Greece
KRW 294636
21.9%
17
Portugal
KRW 280679
25.6%
18
Finland
KRW 261069
30.8%
19
Belgium
KRW 256357
32.0%
20
Netherlands
KRW 237121
37.1%
21
Romania
KRW 220548
41.5%
22
Denmark
KRW 107281
71.5%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 371046
1.6%
1
USA
KRW 344350
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 377007
0.0%
1
Singapore
KRW 377000
0.0%
2
Hong Kong
KRW 377004
0.0%
3
Pakistan
KRW 361825
4.0%
4
Thailand
KRW 358154
5.0%
5
Indonesia
KRW 343828
8.8%
6
Taiwan
KRW 343635
8.9%
7
South Korea
KRW 336707
10.7%
8
New Zealand
KRW 332181
11.9%
9
India
KRW 331764
12.0%
10
China
KRW 327297
13.2%
11
Malaysia
KRW 323673
14.2%
12
Philippines
KRW 321002
14.9%
13
Vietnam
KRW 320548
15.0%
14
Japan
KRW 306348
18.7%
15
Kazakhstan
KRW 298587
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 368050
2.4%
1
Brazil
KRW 348729
7.5%
2
Puerto Rico
KRW 347039
8.0%
3
Colombia
KRW 346844
8.0%
4
Ecuador
KRW 341380
9.5%
5
Guatemala
KRW 340855
9.6%
6
Costa Rica
KRW 337419
10.5%
7
Panama
KRW 335539
11.0%
8
Peru
KRW 329879
12.5%
9
Argentina
KRW 312913
17.0%
10
Chile
KRW 310651
17.6%
11
Uruguay
KRW 308766
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 373234
1.0%
1
Uganda
KRW 358154
5.0%
2
Ghana
KRW 356269
5.5%
3
Zambia
KRW 354384
6.0%
4
Morocco
KRW 351594
6.7%
5
Ivory Coast
KRW 348729
7.5%
6
Senegal
KRW 342525
9.2%
7
Kenya
KRW 328202
12.9%
8
Cameroon
KRW 318086
15.6%
9
Mozambique
KRW 316176
16.1%
10
Angola
KRW 315199
16.4%
11
Nigeria
KRW 309711
17.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 377003
0.0%
1
Egypt
KRW 369454
2.0%
2
United Arab Emirates
KRW 358154
5.0%
3
Qatar
KRW 358155
5.0%
4
Bahrain
KRW 346841
8.0%
5
Oman
KRW 346848
8.0%
6
Lebanon
KRW 343386
8.9%
7
Kuwait
KRW 335545
11.0%
8
Israel
KRW 327427
13.2%
9
Turkey
KRW 317592
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.