Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
351,684 원
Income Tax
- 4,363 원
Local Tax
- 436 원
National Pension
- 15,826 원
National Health Insurance
- 13,800 원
Employment Insurance
- 3,165 원
Total tax
- 37,590 원
Net pay
* 314,094 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
314,094 원
Net pay
67,256 원
Tax the employer pays
37,590 원
Tax you pay
Total tax paid
104,846 원
Did you know your employer also pays tax on your salary? It costs the employer 67,256 원 to pay you 351,684 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 351,684 원 a year living in South Korea, you will be taxed 37,590 원. That means that your net pay will be 314,094 원 per year, or 26,174 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 351688
0.0%
1
Germany
KRW 351687
0.0%
2
Austria
KRW 351687
0.0%
3
Ireland
KRW 351687
0.0%
4
Sweden
KRW 351683
0.0%
5
Norway
KRW 351684
0.0%
6
Spain
KRW 329354
6.4%
7
Italy
KRW 319362
9.2%
8
France
KRW 317567
9.7%
9
Czech Republic
KRW 312999
11.0%
10
Luxembourg
KRW 312825
11.1%
11
Russia
KRW 305965
13.0%
12
Switzerland
KRW 288947
17.8%
13
Hungary
KRW 286622
18.5%
14
Ukraine
KRW 283106
19.5%
15
Poland
KRW 276156
21.5%
16
Greece
KRW 274846
21.9%
17
Portugal
KRW 261832
25.6%
18
Finland
KRW 243538
30.8%
19
Belgium
KRW 239140
32.0%
20
Netherlands
KRW 221295
37.1%
21
Romania
KRW 205733
41.5%
22
Denmark
KRW 92869
74.2%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 346130
1.6%
1
USA
KRW 321235
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 351686
0.0%
1
Singapore
KRW 351681
0.0%
2
Hong Kong
KRW 351684
0.0%
3
Pakistan
KRW 336505
4.3%
4
Thailand
KRW 334100
5.0%
5
Indonesia
KRW 320736
8.8%
6
Taiwan
KRW 320557
8.9%
7
South Korea
KRW 314094
10.7%
8
New Zealand
KRW 309865
11.9%
9
India
KRW 309482
12.0%
10
China
KRW 305314
13.2%
11
Malaysia
KRW 301924
14.2%
12
Vietnam
KRW 299019
15.0%
13
Philippines
KRW 297971
15.3%
14
Japan
KRW 285773
18.7%
15
Kazakhstan
KRW 278534
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 343332
2.4%
1
Brazil
KRW 325309
7.5%
2
Puerto Rico
KRW 323727
8.0%
3
Colombia
KRW 323549
8.0%
4
Ecuador
KRW 318448
9.5%
5
Guatemala
KRW 317962
9.6%
6
Costa Rica
KRW 314757
10.5%
7
Panama
KRW 313003
11.0%
8
Peru
KRW 307724
12.5%
9
Argentina
KRW 291898
17.0%
10
Chile
KRW 289788
17.6%
11
Uruguay
KRW 288029
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 348167
1.0%
1
Uganda
KRW 334100
5.0%
2
Ghana
KRW 332341
5.5%
3
Zambia
KRW 330583
6.0%
4
Morocco
KRW 327981
6.7%
5
Ivory Coast
KRW 325308
7.5%
6
Senegal
KRW 319382
9.2%
7
Kenya
KRW 303302
13.8%
8
Angola
KRW 297796
15.3%
9
Cameroon
KRW 296723
15.6%
10
Mozambique
KRW 294148
16.4%
11
Nigeria
KRW 289341
17.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 351685
0.0%
1
Egypt
KRW 350044
0.5%
2
United Arab Emirates
KRW 334099
5.0%
3
Qatar
KRW 334101
5.0%
4
Bahrain
KRW 323537
8.0%
5
Oman
KRW 323557
8.0%
6
Lebanon
KRW 320754
8.8%
7
Kuwait
KRW 313011
11.0%
8
Israel
KRW 305439
13.2%
9
Turkey
KRW 296262
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.