Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
499,001 원
Income Tax
- 7,672 원
Local Tax
- 767 원
National Pension
- 22,455 원
National Health Insurance
- 19,581 원
Employment Insurance
- 4,491 원
Total tax
- 54,967 원
Net pay
* 444,034 원
Marginal tax rate
12.7%
Average tax rate
11.0%
89.0%
Net pay
11.0%
Total tax
Total tax
Net pay
The Taxberg
444,034 원
Net pay
95,429 원
Tax the employer pays
54,967 원
Tax you pay
Total tax paid
150,395 원
Did you know your employer also pays tax on your salary? It costs the employer 95,429 원 to pay you 499,001 원. In other words, every time you spend 10 원 of your hard-earned money, 3.01 원 goes to the government.
Real tax rate
25.3%
So, with you and the employer both paying tax, what used to be a 11% tax rate now rises to 25.3%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
People also ask
5,988,012 원 yearly is how much per hour?
2,879 원 hourly is how much per year?
Summary
If you make 5,988,012 원 a year living in South Korea, you will be taxed 659,598 원. That means that your net pay will be 5,328,414 원 per year, or 444,034 원 per month. Your average tax rate is 11.0% and your marginal tax rate is 12.7%. 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 12.66 원, hence, your net pay will only increase by 87.34 원.
Bonus Example
A 1,000 원 bonus will generate an extra 873 원 of net incomes. A 5,000 원 bonus will generate an extra 4,367 원 of net incomes.
Compare average tax
Tax per income
190,500 원
191,000 원
191,500 원
192,000 원
192,500 원
193,000 원
193,500 원
194,000 원
194,500 원
195,000 원
195,500 원
196,000 원
196,500 원
197,000 원
197,500 원
198,000 원
198,500 원
199,000 원
199,500 원
200,000 원
North America
Country 
Net pay
Average tax
Rank
USA
KRW 5469385
8.7%
1
Canada
KRW 5020529
16.2%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 5988012
0.0%
1
Singapore
KRW 5988008
0.0%
2
Hong Kong
KRW 5988013
0.0%
3
Pakistan
KRW 5887127
1.7%
4
Philippines
KRW 5709318
4.7%
5
Thailand
KRW 5684948
5.1%
6
Indonesia
KRW 5462630
8.8%
7
Taiwan
KRW 5458013
8.9%
8
South Korea
KRW 5328414
11.0%
9
Malaysia
KRW 5281353
11.8%
10
New Zealand
KRW 5276038
11.9%
11
India
KRW 5269451
12.0%
12
Vietnam
KRW 4989942
16.7%
13
Japan
KRW 4865774
18.7%
14
Kazakhstan
KRW 4742506
20.8%
15
China
KRW 4504361
24.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 5608003
6.4%
1
Colombia
KRW 5962909
7.4%
2
Puerto Rico
KRW 5511969
8.0%
3
Brazil
KRW 5489635
8.3%
4
Ecuador
KRW 5422140
9.5%
5
Guatemala
KRW 5413851
9.6%
6
Costa Rica
KRW 5359271
10.5%
7
Panama
KRW 5329324
11.0%
8
Peru
KRW 5239510
12.5%
9
Chile
KRW 4934122
17.6%
10
Uruguay
KRW 4784422
20.1%
11
Argentina
KRW 3988615
33.4%
12
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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.