Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
78,833 원
Income Tax
- 978 원
Local Tax
- 97.80 원
National Pension
- 3,547 원
National Health Insurance
- 3,093 원
Employment Insurance
- 709 원
Total tax
- 8,426 원
Net pay
* 70,407 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
70,407 원
Net pay
15,076 원
Tax the employer pays
8,426 원
Tax you pay
Total tax paid
23,502 원
Did you know your employer also pays tax on your salary? It costs the employer 15,076 원 to pay you 78,833 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 1,891,992 원 a year living in South Korea, you will be taxed 202,228 원. That means that your net pay will be 1,689,764 원 per year, or 140,814 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 1892001
0.0%
1
Germany
KRW 1891998
0.0%
2
Austria
KRW 1891998
0.0%
3
Ireland
KRW 1891998
0.0%
4
Norway
KRW 1891992
0.0%
5
Sweden
KRW 1889286
0.1%
6
Spain
KRW 1771852
6.4%
7
Switzerland
KRW 1725051
8.8%
8
Italy
KRW 1718122
9.2%
9
France
KRW 1708488
9.7%
10
Czech Republic
KRW 1683873
11.0%
11
Luxembourg
KRW 1682924
11.1%
12
Russia
KRW 1646033
13.0%
13
Hungary
KRW 1541973
18.5%
14
Ukraine
KRW 1523054
19.5%
15
Poland
KRW 1485665
21.5%
16
Greece
KRW 1478608
21.9%
17
Portugal
KRW 1408587
25.6%
18
Finland
KRW 1310206
30.8%
19
Belgium
KRW 1286557
32.0%
20
Netherlands
KRW 1190464
37.1%
21
Denmark
KRW 1187710
37.2%
22
Romania
KRW 1106816
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1771778
6.4%
1
USA
KRW 1728128
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1891990
0.0%
1
Singapore
KRW 1891994
0.0%
2
Hong Kong
KRW 1891992
0.0%
3
Pakistan
KRW 1876813
0.8%
4
Thailand
KRW 1797392
5.0%
5
Philippines
KRW 1756391
7.2%
6
Indonesia
KRW 1733383
8.4%
7
Taiwan
KRW 1724532
8.9%
8
South Korea
KRW 1689764
10.7%
9
New Zealand
KRW 1667035
11.9%
10
India
KRW 1664953
12.0%
11
Malaysia
KRW 1661594
12.2%
12
China
KRW 1642532
13.2%
13
Vietnam
KRW 1608666
15.0%
14
Japan
KRW 1537406
18.7%
15
Kazakhstan
KRW 1498458
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1847057
2.4%
1
Brazil
KRW 1750091
7.5%
2
Puerto Rico
KRW 1741572
8.0%
3
Colombia
KRW 1740633
8.0%
4
Ecuador
KRW 1713192
9.5%
5
Guatemala
KRW 1710578
9.6%
6
Costa Rica
KRW 1693333
10.5%
7
Panama
KRW 1683878
11.0%
8
Peru
KRW 1655491
12.5%
9
Argentina
KRW 1570353
17.0%
10
Chile
KRW 1559001
17.6%
11
Uruguay
KRW 1549541
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1873072
1.0%
1
Zambia
KRW 1778472
6.0%
2
Morocco
KRW 1764472
6.7%
3
Ivory Coast
KRW 1690929
10.6%
4
Uganda
KRW 1669601
11.8%
5
Kenya
KRW 1653199
12.6%
6
Senegal
KRW 1625635
14.1%
7
Cameroon
KRW 1596311
15.6%
8
Mozambique
KRW 1585879
16.2%
9
Ghana
KRW 1565202
17.3%
10
Angola
KRW 1484523
21.5%
11
Nigeria
KRW 1431732
24.3%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 1891991
0.0%
1
United Arab Emirates
KRW 1797391
5.0%
2
Qatar
KRW 1797393
5.0%
3
Bahrain
KRW 1740630
8.0%
4
Oman
KRW 1740638
8.0%
5
Kuwait
KRW 1683864
11.0%
6
Israel
KRW 1643197
13.2%
7
Lebanon
KRW 1619168
14.4%
8
Egypt
KRW 1567697
17.1%
9
Turkey
KRW 1564740
17.3%
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.