Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
733,373 원
Income Tax
- 14,799 원
Local Tax
- 1,480 원
National Pension
- 33,002 원
National Health Insurance
- 28,778 원
Employment Insurance
- 6,600 원
Total tax
- 84,658 원
Net pay
* 648,715 원
Marginal tax rate
12.7%
Average tax rate
11.5%
88.5%
Net pay
11.5%
Total tax
Total tax
Net pay
The Taxberg
648,715 원
Net pay
140,250 원
Tax the employer pays
84,658 원
Tax you pay
Total tax paid
224,908 원
Did you know your employer also pays tax on your salary? It costs the employer 140,250 원 to pay you 733,373 원. In other words, every time you spend 10 원 of your hard-earned money, 3.07 원 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 11.5% tax rate now rises to 25.7%, meaning your real tax rate is actually 14.2% higher than what it seemed at first.
Summary
If you make 8,800,476 원 a year living in South Korea, you will be taxed 1,015,899 원. That means that your net pay will be 7,784,577 원 per year, or 648,715 원 per month. Your average tax rate is 11.5% 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 12.67 원, hence, your net pay will only increase by 87.33 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 8800474
0.0%
1
Austria
KRW 8800474
0.0%
2
Ireland
KRW 8800474
0.0%
3
Norway
KRW 8658628
1.6%
4
Spain
KRW 8241643
6.4%
5
Switzerland
KRW 8163763
7.2%
6
Italy
KRW 7991704
9.2%
7
France
KRW 7946828
9.7%
8
Czech Republic
KRW 7832424
11.0%
9
Luxembourg
KRW 7828029
11.1%
10
Russia
KRW 7656414
13.0%
11
Germany
KRW 7240702
17.7%
12
Hungary
KRW 7172388
18.5%
13
Ukraine
KRW 7084383
19.5%
14
Sweden
KRW 7046168
19.9%
15
Poland
KRW 6910476
21.5%
16
Greece
KRW 6877647
21.9%
17
Portugal
KRW 6551958
25.6%
18
Finland
KRW 6094335
30.8%
19
Belgium
KRW 5984316
32.0%
20
Denmark
KRW 5835668
33.7%
21
Netherlands
KRW 5538317
37.1%
22
Romania
KRW 5148279
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
KRW 8039616
8.7%
1
Canada
KRW 6975309
20.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 8800478
0.0%
1
Hong Kong
KRW 8800476
0.0%
2
Pakistan
KRW 8368296
4.9%
3
Thailand
KRW 8317975
5.5%
4
Taiwan
KRW 8021546
8.9%
5
Philippines
KRW 7987365
9.2%
6
South Korea
KRW 7784577
11.5%
7
Indonesia
KRW 7781507
11.6%
8
Malaysia
KRW 7765248
11.8%
9
New Zealand
KRW 7754102
11.9%
10
India
KRW 7460639
15.2%
11
Singapore
KRW 7306913
17.0%
12
Vietnam
KRW 7194759
18.3%
13
Japan
KRW 7151143
18.7%
14
Kazakhstan
KRW 6969977
20.8%
15
China
KRW 6615757
24.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
KRW 8100839
8.0%
1
Colombia
KRW 8096438
8.0%
2
Ecuador
KRW 7968834
9.5%
3
Guatemala
KRW 7956643
9.6%
4
Costa Rica
KRW 7876426
10.5%
5
Panama
KRW 7832423
11.0%
6
Brazil
KRW 7823119
11.1%
7
Mexico
KRW 7810002
11.3%
8
Peru
KRW 7700416
12.5%
9
Chile
KRW 7251592
17.6%
10
Uruguay
KRW 7031580
20.1%
11
Argentina
KRW 5710530
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 8408408
4.5%
1
Morocco
KRW 7698438
12.5%
2
Cameroon
KRW 7054034
19.8%
3
Ivory Coast
KRW 7033915
20.1%
4
Mozambique
KRW 6995864
20.5%
5
Kenya
KRW 6907900
21.5%
6
Angola
KRW 6611255
24.9%
7
Ghana
KRW 6606483
24.9%
8
Nigeria
KRW 6160653
30.0%
9
Zambia
KRW 6140896
30.2%
10
Uganda
KRW 6133251
30.3%
11
Senegal
KRW 6132561
30.3%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 8360451
5.0%
1
Qatar
KRW 8360452
5.0%
2
Bahrain
KRW 8096448
8.0%
3
Oman
KRW 8096445
8.0%
4
Saudi Arabia
KRW 7920427
10.0%
5
Kuwait
KRW 7832414
11.0%
6
Israel
KRW 7643214
13.2%
7
Egypt
KRW 6913577
21.4%
8
Lebanon
KRW 6866143
22.0%
9
Turkey
KRW 5391608
38.7%
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.