Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,745,436 원
Income Tax
- 21,653 원
Local Tax
- 2,165 원
National Pension
- 78,545 원
National Health Insurance
- 68,491 원
Employment Insurance
- 15,709 원
Total tax
- 186,563 원
Net pay
* 1,558,873 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
1,558,873 원
Net pay
333,797 원
Tax the employer pays
186,563 원
Tax you pay
Total tax paid
520,360 원
Did you know your employer also pays tax on your salary? It costs the employer 333,797 원 to pay you 1,745,436 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 1,745,436 원 a year living in South Korea, you will be taxed 186,563 원. That means that your net pay will be 1,558,873 원 per year, or 129,906 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 1642520
5.9%
1
USA
KRW 1594265
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1703982
2.4%
1
Brazil
KRW 1614528
7.5%
2
Puerto Rico
KRW 1606668
8.0%
3
Colombia
KRW 1605801
8.0%
4
Ecuador
KRW 1580497
9.5%
5
Guatemala
KRW 1578075
9.6%
6
Costa Rica
KRW 1562165
10.5%
7
Panama
KRW 1553433
11.0%
8
Peru
KRW 1527255
12.5%
9
Argentina
KRW 1448712
17.0%
10
Chile
KRW 1438239
17.6%
11
Uruguay
KRW 1429512
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1727982
1.0%
1
Zambia
KRW 1640710
6.0%
2
Morocco
KRW 1627794
6.7%
3
Ivory Coast
KRW 1565355
10.3%
4
Uganda
KRW 1561652
10.5%
5
Kenya
KRW 1524816
12.6%
6
Senegal
KRW 1507897
13.6%
7
Cameroon
KRW 1472659
15.6%
8
Mozambique
KRW 1465704
16.0%
9
Ghana
KRW 1450943
16.9%
10
Angola
KRW 1372053
21.4%
11
Nigeria
KRW 1328109
23.9%
12
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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.