Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
11,490 원
Income Tax
- 143 원
Local Tax
- 14.25 원
National Pension
- 517 원
National Health Insurance
- 451 원
Employment Insurance
- 103 원
Total tax
- 1,228 원
Net pay
* 10,262 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
10,262 원
Net pay
2,197 원
Tax the employer pays
1,228 원
Tax you pay
Total tax paid
3,425 원
Did you know your employer also pays tax on your salary? It costs the employer 2,197 원 to pay you 11,490 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 597,480 원 a year living in South Korea, you will be taxed 63,862 원. That means that your net pay will be 533,618 원 per year, or 44,468 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 597471
0.0%
1
Germany
KRW 597483
0.0%
2
Austria
KRW 597483
0.0%
3
Ireland
KRW 597483
0.0%
4
Sweden
KRW 597480
0.0%
5
Norway
KRW 597480
0.0%
6
Spain
KRW 559534
6.4%
7
Italy
KRW 542571
9.2%
8
France
KRW 539519
9.7%
9
Czech Republic
KRW 531757
11.0%
10
Luxembourg
KRW 531457
11.1%
11
Russia
KRW 519808
13.0%
12
Switzerland
KRW 518767
13.2%
13
Hungary
KRW 486946
18.5%
14
Ukraine
KRW 480971
19.5%
15
Poland
KRW 469165
21.5%
16
Greece
KRW 466926
21.9%
17
Portugal
KRW 444818
25.6%
18
Finland
KRW 413749
30.8%
19
Belgium
KRW 406285
32.0%
20
Netherlands
KRW 374917
37.3%
21
Romania
KRW 349525
41.5%
22
Denmark
KRW 299783
49.8%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 588038
1.6%
1
USA
KRW 545743
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 597482
0.0%
1
Singapore
KRW 597482
0.0%
2
Hong Kong
KRW 597480
0.0%
3
Pakistan
KRW 582301
2.5%
4
Thailand
KRW 567606
5.0%
5
Indonesia
KRW 544902
8.8%
6
Taiwan
KRW 544597
8.9%
7
South Korea
KRW 533618
10.7%
8
New Zealand
KRW 526436
11.9%
9
India
KRW 525782
12.0%
10
Malaysia
KRW 524817
12.2%
11
Philippines
KRW 522997
12.5%
12
China
KRW 518702
13.2%
13
Vietnam
KRW 508007
15.0%
14
Japan
KRW 485504
18.7%
15
Kazakhstan
KRW 473204
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 583290
2.4%
1
Brazil
KRW 552669
7.5%
2
Puerto Rico
KRW 549981
8.0%
3
Colombia
KRW 549682
8.0%
4
Ecuador
KRW 541013
9.5%
5
Guatemala
KRW 540191
9.6%
6
Costa Rica
KRW 534745
10.5%
7
Panama
KRW 531761
11.0%
8
Peru
KRW 522796
12.5%
9
Argentina
KRW 495908
17.0%
10
Chile
KRW 492324
17.6%
11
Uruguay
KRW 489336
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 591505
1.0%
1
Uganda
KRW 566239
5.2%
2
Zambia
KRW 561631
6.0%
3
Morocco
KRW 557210
6.7%
4
Ivory Coast
KRW 552669
7.5%
5
Senegal
KRW 544040
8.9%
6
Ghana
KRW 544039
8.9%
7
Kenya
KRW 527920
11.6%
8
Mozambique
KRW 507990
15.0%
9
Cameroon
KRW 504106
15.6%
10
Nigeria
KRW 483266
19.1%
11
Angola
KRW 481389
19.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 597478
0.0%
1
United Arab Emirates
KRW 567609
5.0%
2
Qatar
KRW 567606
5.0%
3
Bahrain
KRW 549673
8.0%
4
Oman
KRW 549669
8.0%
5
Egypt
KRW 538476
9.9%
6
Lebanon
KRW 534731
10.5%
7
Kuwait
KRW 531761
11.0%
8
Israel
KRW 518911
13.2%
9
Turkey
KRW 503323
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.