Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
3,344 원
Income Tax
- 41.48 원
Local Tax
- 4.15 원
National Pension
- 150 원
National Health Insurance
- 131 원
Employment Insurance
- 30.10 원
Total tax
- 357 원
Net pay
* 2,987 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
2,987 원
Net pay
640 원
Tax the employer pays
357 원
Tax you pay
Total tax paid
997 원
Did you know your employer also pays tax on your salary? It costs the employer 640 원 to pay you 3,344 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 40,128 원 a year living in South Korea, you will be taxed 4,289 원. That means that your net pay will be 35,839 원 per year, or 2,987 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 40127
0.0%
1
Germany
KRW 40133
0.0%
2
Austria
KRW 40133
0.0%
3
Ireland
KRW 40133
0.0%
4
Sweden
KRW 40128
0.0%
5
Norway
KRW 40127
0.0%
6
Spain
KRW 37575
6.3%
7
Italy
KRW 36439
9.2%
8
France
KRW 36244
9.7%
9
Czech Republic
KRW 35714
11.0%
10
Luxembourg
KRW 35691
11.1%
11
Russia
KRW 34911
13.0%
12
Hungary
KRW 32704
18.5%
13
Ukraine
KRW 32303
19.5%
14
Poland
KRW 31511
21.5%
15
Greece
KRW 31368
21.8%
16
Portugal
KRW 29872
25.5%
17
Finland
KRW 27793
30.8%
18
Belgium
KRW 27284
32.0%
19
Netherlands
KRW 24412
39.2%
20
Romania
KRW 23475
41.5%
21
Denmark
KRW 0
100.0%
22
Switzerland
KRW 40130
101.4%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 39496
1.6%
1
USA
KRW 36658
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 40132
0.0%
1
Singapore
KRW 40129
0.0%
2
Hong Kong
KRW 40128
0.0%
3
Thailand
KRW 38122
5.0%
4
Indonesia
KRW 36597
8.8%
5
Taiwan
KRW 36576
8.9%
6
South Korea
KRW 35839
10.7%
7
New Zealand
KRW 35359
11.9%
8
India
KRW 35311
12.0%
9
China
KRW 34837
13.2%
10
Vietnam
KRW 34119
15.0%
11
Japan
KRW 32607
18.7%
12
Malaysia
KRW 31962
20.3%
13
Kazakhstan
KRW 31781
20.8%
14
Pakistan
KRW 24949
37.8%
15
Philippines
KRW 16430
59.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 39175
2.4%
1
Brazil
KRW 37118
7.5%
2
Puerto Rico
KRW 36939
8.0%
3
Colombia
KRW 36918
8.0%
4
Ecuador
KRW 36334
9.4%
5
Guatemala
KRW 36281
9.6%
6
Costa Rica
KRW 35915
10.5%
7
Panama
KRW 35708
11.0%
8
Peru
KRW 35110
12.5%
9
Argentina
KRW 33306
17.0%
10
Chile
KRW 33065
17.6%
11
Uruguay
KRW 32865
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 39727
1.0%
1
Angola
KRW 38924
3.0%
2
Uganda
KRW 38122
5.0%
3
Ghana
KRW 37921
5.5%
4
Zambia
KRW 37720
6.0%
5
Morocco
KRW 37424
6.7%
6
Ivory Coast
KRW 37118
7.5%
7
Senegal
KRW 34620
13.7%
8
Cameroon
KRW 33857
15.6%
9
Nigeria
KRW 33401
16.8%
10
Mozambique
KRW 23094
42.5%
11
Kenya
KRW 40128
114.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 40128
0.0%
1
Saudi Arabia
KRW 40127
0.0%
2
United Arab Emirates
KRW 38124
5.0%
3
Qatar
KRW 38122
5.0%
4
Lebanon
KRW 37319
7.0%
5
Bahrain
KRW 36936
8.0%
6
Oman
KRW 36930
8.0%
7
Kuwait
KRW 35726
11.0%
8
Israel
KRW 34850
13.2%
9
Turkey
KRW 33804
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.