Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
569,833 원
Income Tax
- 9,826 원
Local Tax
- 983 원
National Pension
- 25,642 원
National Health Insurance
- 22,360 원
Employment Insurance
- 5,128 원
Total tax
- 63,940 원
Net pay
* 505,893 원
Marginal tax rate
12.7%
Average tax rate
11.2%
88.8%
Net pay
11.2%
Total tax
Total tax
Net pay
The Taxberg
505,893 원
Net pay
108,975 원
Tax the employer pays
63,940 원
Tax you pay
Total tax paid
172,915 원
Did you know your employer also pays tax on your salary? It costs the employer 108,975 원 to pay you 569,833 원. In other words, every time you spend 10 원 of your hard-earned money, 3.03 원 goes to the government.
Real tax rate
25.5%
So, with you and the employer both paying tax, what used to be a 11.2% tax rate now rises to 25.5%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
Summary
If you make 6,837,996 원 a year living in South Korea, you will be taxed 767,279 원. That means that your net pay will be 6,070,717 원 per year, or 505,893 원 per month. Your average tax rate is 11.2% 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
North America
Country 
Net pay
Average tax
Rank
USA
KRW 6245760
8.7%
1
Canada
KRW 5612409
17.9%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 6837996
0.0%
1
Hong Kong
KRW 6837995
0.0%
2
Pakistan
KRW 6651126
2.7%
3
Singapore
KRW 6528247
4.5%
4
Thailand
KRW 6477822
5.3%
5
Philippines
KRW 6433992
5.9%
6
Taiwan
KRW 6232765
8.9%
7
Indonesia
KRW 6163442
9.9%
8
South Korea
KRW 6070717
11.2%
9
Malaysia
KRW 6029117
11.8%
10
New Zealand
KRW 6024955
11.9%
11
India
KRW 6017436
12.0%
12
Vietnam
KRW 5674605
17.0%
13
Japan
KRW 5556459
18.7%
14
Kazakhstan
KRW 5415693
20.8%
15
China
KRW 5140464
24.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Colombia
KRW 6744894
7.5%
1
Puerto Rico
KRW 6294370
8.0%
2
Brazil
KRW 6220472
9.0%
3
Ecuador
KRW 6191801
9.5%
4
Guatemala
KRW 6182335
9.6%
5
Mexico
KRW 6157813
10.0%
6
Costa Rica
KRW 6120006
10.5%
7
Panama
KRW 6085818
11.0%
8
Peru
KRW 5983246
12.5%
9
Chile
KRW 5634509
17.6%
10
Uruguay
KRW 5463559
20.1%
11
Argentina
KRW 4447181
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 6755820
1.2%
1
Morocco
KRW 6164482
9.9%
2
Cameroon
KRW 5659728
17.2%
3
Ivory Coast
KRW 5611823
17.9%
4
Kenya
KRW 5544059
18.9%
5
Mozambique
KRW 5484755
19.8%
6
Ghana
KRW 5215576
23.7%
7
Angola
KRW 5168630
24.4%
8
Zambia
KRW 5032095
26.4%
9
Senegal
KRW 4869849
28.8%
10
Uganda
KRW 4857639
29.0%
11
Nigeria
KRW 4825774
29.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 6517200
4.7%
1
United Arab Emirates
KRW 6496099
5.0%
2
Qatar
KRW 6496097
5.0%
3
Bahrain
KRW 6290946
8.0%
4
Oman
KRW 6290942
8.0%
5
Kuwait
KRW 6085801
11.0%
6
Israel
KRW 5938799
13.2%
7
Lebanon
KRW 5394283
21.1%
8
Egypt
KRW 5392655
21.1%
9
Turkey
KRW 4248640
37.9%
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.