Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,327 원
Income Tax
- 16.46 원
Local Tax
- 1.65 원
National Pension
- 59.72 원
National Health Insurance
- 52.07 원
Employment Insurance
- 11.94 원
Total tax
- 142 원
Net pay
* 1,185 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
1,185 원
Net pay
254 원
Tax the employer pays
142 원
Tax you pay
Total tax paid
396 원
Did you know your employer also pays tax on your salary? It costs the employer 254 원 to pay you 1,327 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 69,004 원 a year living in South Korea, you will be taxed 7,376 원. That means that your net pay will be 61,628 원 per year, or 5,136 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 69009
0.0%
1
Germany
KRW 69003
0.0%
2
Austria
KRW 69003
0.0%
3
Ireland
KRW 69003
0.0%
4
Sweden
KRW 69004
0.0%
5
Norway
KRW 69003
0.0%
6
Spain
KRW 64635
6.4%
7
Italy
KRW 62661
9.2%
8
France
KRW 62317
9.7%
9
Czech Republic
KRW 61413
11.0%
10
Luxembourg
KRW 61389
11.1%
11
Russia
KRW 60033
13.0%
12
Hungary
KRW 56238
18.5%
13
Ukraine
KRW 55548
19.5%
14
Poland
KRW 54184
21.5%
15
Greece
KRW 53940
21.9%
16
Portugal
KRW 51367
25.6%
17
Finland
KRW 47792
30.8%
18
Belgium
KRW 46924
32.0%
19
Netherlands
KRW 42706
38.1%
20
Romania
KRW 40367
41.5%
21
Switzerland
KRW 25424
63.2%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 67911
1.6%
1
USA
KRW 63011
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 69000
0.0%
1
Singapore
KRW 69003
0.0%
2
Hong Kong
KRW 69003
0.0%
3
Thailand
KRW 65554
5.0%
4
Indonesia
KRW 62932
8.8%
5
Taiwan
KRW 62896
8.9%
6
South Korea
KRW 61628
10.7%
7
New Zealand
KRW 60798
11.9%
8
India
KRW 60728
12.0%
9
China
KRW 59906
13.2%
10
Vietnam
KRW 58671
15.0%
11
Malaysia
KRW 57011
17.4%
12
Japan
KRW 56072
18.7%
13
Kazakhstan
KRW 54651
20.8%
14
Pakistan
KRW 53825
22.0%
15
Philippines
KRW 28252
59.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 67365
2.4%
1
Brazil
KRW 63829
7.5%
2
Puerto Rico
KRW 63518
8.0%
3
Colombia
KRW 63484
8.0%
4
Ecuador
KRW 62490
9.5%
5
Guatemala
KRW 62387
9.6%
6
Costa Rica
KRW 61759
10.5%
7
Panama
KRW 61420
11.0%
8
Peru
KRW 60379
12.5%
9
Argentina
KRW 57273
17.0%
10
Chile
KRW 56859
17.6%
11
Uruguay
KRW 56514
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 68314
1.0%
1
Angola
KRW 66934
3.0%
2
Uganda
KRW 65554
5.0%
3
Ghana
KRW 65209
5.5%
4
Zambia
KRW 64864
6.0%
5
Morocco
KRW 64353
6.7%
6
Ivory Coast
KRW 63829
7.5%
7
Senegal
KRW 61013
11.6%
8
Cameroon
KRW 58220
15.6%
9
Nigeria
KRW 57435
16.8%
10
Mozambique
KRW 48216
30.1%
11
Kenya
KRW 23216
66.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 69004
0.0%
1
Saudi Arabia
KRW 69004
0.0%
2
United Arab Emirates
KRW 65555
5.0%
3
Qatar
KRW 65555
5.0%
4
Lebanon
KRW 64174
7.0%
5
Oman
KRW 63475
8.0%
6
Bahrain
KRW 63490
8.0%
7
Kuwait
KRW 61420
11.0%
8
Israel
KRW 59931
13.2%
9
Turkey
KRW 58130
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.