Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
6,656,000 원
Income Tax
- 112,380 원
Local Tax
- 11,238 원
National Pension
- 299,520 원
National Health Insurance
- 261,181 원
Employment Insurance
- 59,904 원
Total tax
- 744,223 원
Net pay
* 5,911,777 원
Marginal tax rate
12.7%
Average tax rate
11.2%
88.8%
Net pay
11.2%
Total tax
Total tax
Net pay
The Taxberg
5,911,777 원
Net pay
1,272,894 원
Tax the employer pays
744,223 원
Tax you pay
Total tax paid
2,017,117 원
Did you know your employer also pays tax on your salary? It costs the employer 1,272,894 원 to pay you 6,656,000 원. In other words, every time you spend 10 원 of your hard-earned money, 3.03 원 goes to the government.
Real tax rate
25.4%
So, with you and the employer both paying tax, what used to be a 11.2% tax rate now rises to 25.4%, meaning your real tax rate is actually 14.2% higher than what it seemed at first.
Summary
If you make 6,656,000 원 a year living in South Korea, you will be taxed 744,223 원. That means that your net pay will be 5,911,777 원 per year, or 492,648 원 per month. Your average tax rate is 11.2% and your marginal tax rate is 12.7%. 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 12.67 원, hence, your net pay will only increase by 87.33 원.
Bonus Example
A 1,000 원 bonus will generate an extra 873 원 of net incomes. A 5,000 원 bonus will generate an extra 4,367 원 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 6655993
0.0%
1
Germany
KRW 6655993
0.0%
2
Austria
KRW 6655993
0.0%
3
Ireland
KRW 6655993
0.0%
4
Norway
KRW 6656001
0.0%
5
Spain
KRW 6233344
6.4%
6
Switzerland
KRW 6165110
7.4%
7
Italy
KRW 6044300
9.2%
8
France
KRW 6010359
9.7%
9
Czech Republic
KRW 5923840
11.0%
10
Luxembourg
KRW 5920519
11.1%
11
Russia
KRW 5790720
13.0%
12
Sweden
KRW 5434878
18.4%
13
Hungary
KRW 5424640
18.5%
14
Ukraine
KRW 5358080
19.5%
15
Poland
KRW 5226550
21.5%
16
Greece
KRW 5201723
21.9%
17
Portugal
KRW 4955388
25.6%
18
Finland
KRW 4609281
30.8%
19
Belgium
KRW 4526082
32.0%
20
Denmark
KRW 4392887
34.0%
21
Netherlands
KRW 4188127
37.1%
22
Romania
KRW 3893761
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
KRW 6079518
8.7%
1
Canada
KRW 5486014
17.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 6655995
0.0%
1
Hong Kong
KRW 6656000
0.0%
2
Pakistan
KRW 6491880
2.5%
3
Singapore
KRW 6453259
3.1%
4
Thailand
KRW 6310984
5.2%
5
Philippines
KRW 6286734
5.6%
6
Taiwan
KRW 6066878
8.9%
7
Indonesia
KRW 6013386
9.7%
8
South Korea
KRW 5911777
11.2%
9
Malaysia
KRW 5869031
11.8%
10
New Zealand
KRW 5864602
11.9%
11
India
KRW 5857280
12.0%
12
Vietnam
KRW 5528007
17.0%
13
Japan
KRW 5408572
18.7%
14
Kazakhstan
KRW 5271552
20.8%
15
China
KRW 5003649
24.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Colombia
KRW 6577458
7.5%
1
Puerto Rico
KRW 6126847
8.0%
2
Brazil
KRW 6068850
8.8%
3
Mexico
KRW 6039517
9.3%
4
Ecuador
KRW 6027009
9.5%
5
Guatemala
KRW 6017790
9.6%
6
Costa Rica
KRW 5957120
10.5%
7
Panama
KRW 5923841
11.0%
8
Peru
KRW 5823999
12.5%
9
Chile
KRW 5484544
17.6%
10
Uruguay
KRW 5318144
20.1%
11
Argentina
KRW 4348994
34.7%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 6580421
1.1%
1
Morocco
KRW 6011725
9.7%
2
Cameroon
KRW 5520123
17.1%
3
Ivory Coast
KRW 5479942
17.7%
4
Kenya
KRW 5417745
18.6%
5
Mozambique
KRW 5344618
19.7%
6
Ghana
KRW 5086585
23.6%
7
Angola
KRW 5034462
24.4%
8
Zambia
KRW 4929267
25.9%
9
Senegal
KRW 4752644
28.6%
10
Uganda
KRW 4739342
28.8%
11
Nigeria
KRW 4701981
29.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 6460091
2.9%
1
United Arab Emirates
KRW 6323200
5.0%
2
Qatar
KRW 6323201
5.0%
3
Bahrain
KRW 6123520
8.0%
4
Oman
KRW 6123514
8.0%
5
Kuwait
KRW 5923845
11.0%
6
Israel
KRW 5780735
13.2%
7
Lebanon
KRW 5257786
21.0%
8
Egypt
KRW 5251608
21.1%
9
Turkey
KRW 4142644
37.8%
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.