Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
20,280 원
Income Tax
- 252 원
Local Tax
- 25.16 원
National Pension
- 913 원
National Health Insurance
- 796 원
Employment Insurance
- 183 원
Total tax
- 2,168 원
Net pay
* 18,112 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
18,112 원
Net pay
3,878 원
Tax the employer pays
2,168 원
Tax you pay
Total tax paid
6,046 원
Did you know your employer also pays tax on your salary? It costs the employer 3,878 원 to pay you 20,280 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 486,720 원 a year living in South Korea, you will be taxed 52,024 원. That means that your net pay will be 434,696 원 per year, or 36,225 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.
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 479028
1.6%
1
USA
KRW 444568
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 475160
2.4%
1
Brazil
KRW 450217
7.5%
2
Puerto Rico
KRW 448031
8.0%
3
Colombia
KRW 447782
8.0%
4
Ecuador
KRW 440725
9.5%
5
Guatemala
KRW 440050
9.6%
6
Costa Rica
KRW 435614
10.5%
7
Panama
KRW 433186
11.0%
8
Peru
KRW 425880
12.5%
9
Argentina
KRW 403978
17.0%
10
Chile
KRW 401057
17.6%
11
Uruguay
KRW 398624
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 486721
0.0%
1
United Arab Emirates
KRW 462381
5.0%
2
Qatar
KRW 462383
5.0%
3
Egypt
KRW 453565
6.8%
4
Bahrain
KRW 447790
8.0%
5
Oman
KRW 447765
8.0%
6
Lebanon
KRW 437352
10.1%
7
Kuwait
KRW 433195
11.0%
8
Israel
KRW 422715
13.2%
9
Turkey
KRW 410018
15.8%
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.