116,002 원 income tax calculator 2025 - South Korea

Salary rate

Annual

Month

Semimonthly

Weekly

Day

Hour

Withholding

Salary

116,002 원

Income Tax

- 1,439 원

Local Tax

- 144 원

National Pension

- 5,220 원

National Health Insurance

- 4,552 원

Employment Insurance

- 1,044 원

Total tax

- 12,399 원

Net pay

* 103,603 원

Marginal tax rate

10.7%

Average tax rate

10.7%

89.3%

Net pay

10.7%

Total tax

Net pay

The Taxberg

103,603 원

Net pay

22,184 원

Tax the employer pays

12,399 원

Tax you pay

Total tax paid

34,583 원

Did you know your employer also pays tax on your salary? It costs the employer 22,184 원 to pay you 116,002 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.

People also ask

116,002 원 yearly is how much per hour?

55.77 원 hourly is how much per year?

Summary

If you make 116,002 원 a year living in South Korea, you will be taxed 12,399 원. That means that your net pay will be 103,603 원 per year, or 8,634 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

Tax per income

Europe

United Kingdom

KRW 115996

0.0%

1

Germany

KRW 116002

0.0%

2

Austria

KRW 116002

0.0%

3

Ireland

KRW 116002

0.0%

4

Sweden

KRW 116002

0.0%

5

Norway

KRW 116002

0.0%

6

Spain

KRW 108643

6.4%

7

Italy

KRW 105352

9.2%

8

France

KRW 104754

9.7%

9

Czech Republic

KRW 103242

11.0%

10

Luxembourg

KRW 103183

11.1%

11

Russia

KRW 100922

13.0%

12

Hungary

KRW 94542

18.5%

13

Ukraine

KRW 93382

19.5%

14

Poland

KRW 91091

21.5%

15

Greece

KRW 90663

21.8%

16

Portugal

KRW 86370

25.5%

17

Finland

KRW 80327

30.8%

18

Belgium

KRW 78876

32.0%

19

Netherlands

KRW 72967

37.1%

20

Switzerland

KRW 69605

40.0%

21

Romania

KRW 67861

41.5%

22

Denmark

KRW 0

100.0%

23

North America

Canada

KRW 114173

1.6%

1

USA

KRW 105947

8.7%

2

Asia / Pacific

Australia

KRW 116004

0.0%

1

Singapore

KRW 116000

0.0%

2

Hong Kong

KRW 116002

0.0%

3

Thailand

KRW 110202

5.0%

4

Indonesia

KRW 105794

8.8%

5

Taiwan

KRW 105735

8.9%

6

South Korea

KRW 103603

10.7%

7

New Zealand

KRW 102208

11.9%

8

India

KRW 102087

12.0%

9

Pakistan

KRW 100823

13.1%

10

China

KRW 100706

13.2%

11

Vietnam

KRW 98631

15.0%

12

Malaysia

KRW 95107

18.0%

13

Japan

KRW 94262

18.7%

14

Kazakhstan

KRW 91874

20.8%

15

Philippines

KRW 64643

44.3%

16

Latin America

Mexico

KRW 113247

2.4%

1

Brazil

KRW 107302

7.5%

2

Puerto Rico

KRW 106778

8.0%

3

Colombia

KRW 106722

8.0%

4

Ecuador

KRW 105046

9.5%

5

Guatemala

KRW 104879

9.6%

6

Costa Rica

KRW 103822

10.5%

7

Panama

KRW 103243

11.0%

8

Peru

KRW 101501

12.5%

9

Argentina

KRW 96282

17.0%

10

Chile

KRW 95586

17.6%

11

Uruguay

KRW 95006

18.1%

12

Africa

South Africa

KRW 114842

1.0%

1

Uganda

KRW 110202

5.0%

2

Ghana

KRW 109622

5.5%

3

Zambia

KRW 109042

6.0%

4

Morocco

KRW 108184

6.7%

5

Angola

KRW 107953

6.9%

6

Ivory Coast

KRW 107302

7.5%

7

Senegal

KRW 103969

10.4%

8

Cameroon

KRW 97873

15.6%

9

Nigeria

KRW 96554

16.8%

10

Mozambique

KRW 89105

23.2%

11

Kenya

KRW 70214

39.5%

12

Middle East

Egypt

KRW 116002

0.0%

1

Saudi Arabia

KRW 116003

0.0%

2

United Arab Emirates

KRW 110203

5.0%

3

Qatar

KRW 110203

5.0%

4

Lebanon

KRW 107882

7.0%

5

Bahrain

KRW 106738

8.0%

6

Oman

KRW 106731

8.0%

7

Kuwait

KRW 103238

11.0%

8

Israel

KRW 100748

13.2%

9

Turkey

KRW 97721

15.8%

10

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.

Income tax calculator South Korea

Find out how much your salary is after tax