Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
223,176 원
Income Tax
- 2,769 원
Local Tax
- 277 원
National Pension
- 10,043 원
National Health Insurance
- 8,757 원
Employment Insurance
- 2,009 원
Total tax
- 23,854 원
Net pay
* 199,322 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
199,322 원
Net pay
42,680 원
Tax the employer pays
23,854 원
Tax you pay
Total tax paid
66,535 원
Did you know your employer also pays tax on your salary? It costs the employer 42,680 원 to pay you 223,176 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 223,176 원 a year living in South Korea, you will be taxed 23,854 원. That means that your net pay will be 199,322 원 per year, or 16,610 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 10.68 원, hence, your net pay will only increase by 89.32 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 223183
0.0%
1
Germany
KRW 223179
0.0%
2
Austria
KRW 223179
0.0%
3
Ireland
KRW 223179
0.0%
4
Sweden
KRW 223176
0.0%
5
Norway
KRW 223176
0.0%
6
Spain
KRW 208999
6.4%
7
Italy
KRW 202671
9.2%
8
France
KRW 201520
9.7%
9
Czech Republic
KRW 198627
11.0%
10
Luxembourg
KRW 198513
11.1%
11
Russia
KRW 194163
13.0%
12
Hungary
KRW 181888
18.5%
13
Ukraine
KRW 179657
19.5%
14
Poland
KRW 175248
21.5%
15
Greece
KRW 174415
21.9%
16
Switzerland
KRW 170232
23.7%
17
Portugal
KRW 166158
25.6%
18
Finland
KRW 154550
30.8%
19
Belgium
KRW 151753
32.0%
20
Netherlands
KRW 140594
37.0%
21
Romania
KRW 130555
41.5%
22
Denmark
KRW 19725
92.8%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 219655
1.6%
1
USA
KRW 203843
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 223174
0.0%
1
Singapore
KRW 223175
0.0%
2
Hong Kong
KRW 223176
0.0%
3
Thailand
KRW 212017
5.0%
4
Pakistan
KRW 207997
6.8%
5
Indonesia
KRW 203537
8.8%
6
Taiwan
KRW 203423
8.9%
7
South Korea
KRW 199322
10.7%
8
New Zealand
KRW 196640
11.9%
9
India
KRW 196395
12.0%
10
China
KRW 193750
13.2%
11
Malaysia
KRW 191527
14.2%
12
Vietnam
KRW 189755
15.0%
13
Japan
KRW 181350
18.7%
14
Kazakhstan
KRW 176755
20.8%
15
Philippines
KRW 170747
23.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 217875
2.4%
1
Brazil
KRW 206437
7.5%
2
Puerto Rico
KRW 205433
8.0%
3
Colombia
KRW 205322
8.0%
4
Ecuador
KRW 202083
9.5%
5
Guatemala
KRW 201777
9.6%
6
Costa Rica
KRW 199743
10.5%
7
Panama
KRW 198627
11.0%
8
Peru
KRW 195280
12.5%
9
Argentina
KRW 185236
17.0%
10
Chile
KRW 183897
17.6%
11
Uruguay
KRW 182781
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 220944
1.0%
1
Uganda
KRW 212017
5.0%
2
Ghana
KRW 210901
5.5%
3
Zambia
KRW 209786
6.0%
4
Morocco
KRW 208134
6.7%
5
Ivory Coast
KRW 206438
7.5%
6
Senegal
KRW 201926
9.5%
7
Angola
KRW 198131
11.2%
8
Cameroon
KRW 188298
15.6%
9
Nigeria
KRW 185761
16.8%
10
Mozambique
KRW 182346
18.3%
11
Kenya
KRW 176924
20.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 223176
0.0%
1
Saudi Arabia
KRW 223177
0.0%
2
United Arab Emirates
KRW 212019
5.0%
3
Qatar
KRW 212017
5.0%
4
Bahrain
KRW 205334
8.0%
5
Oman
KRW 205308
8.0%
6
Lebanon
KRW 205097
8.1%
7
Kuwait
KRW 198643
11.0%
8
Israel
KRW 193829
13.2%
9
Turkey
KRW 188006
15.8%
10
Show more
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.