691,600 원 income tax calculator 2025 - South Korea - salary after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
691,600 원
Income Tax
- 8,580 원
Local Tax
- 858 원
National Pension
- 31,122 원
National Health Insurance
- 27,138 원
Employment Insurance
- 6,224 원
Total tax
- 73,922 원
Net pay
* 617,678 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
617,678 원
Net pay
132,262 원
Tax the employer pays
73,922 원
Tax you pay
Total tax paid
206,184 원
Did you know your employer also pays tax on your salary? It costs the employer 132,262 원 to pay you 691,600 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 691,600 원 a year living in South Korea, you will be taxed 73,922 원. That means that your net pay will be 617,678 원 per year, or 51,473 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 691607
0.0%
1
Germany
KRW 691602
0.0%
2
Austria
KRW 691602
0.0%
3
Ireland
KRW 691602
0.0%
4
Sweden
KRW 691601
0.0%
5
Norway
KRW 691600
0.0%
6
Spain
KRW 647684
6.4%
7
Italy
KRW 628043
9.2%
8
France
KRW 624513
9.7%
9
Czech Republic
KRW 615524
11.0%
10
Luxembourg
KRW 615179
11.1%
11
Switzerland
KRW 606507
12.3%
12
Russia
KRW 601692
13.0%
13
Hungary
KRW 563654
18.5%
14
Ukraine
KRW 556738
19.5%
15
Poland
KRW 543072
21.5%
16
Greece
KRW 540492
21.9%
17
Portugal
KRW 514898
25.6%
18
Finland
KRW 478938
30.8%
19
Belgium
KRW 470292
32.0%
20
Netherlands
KRW 434212
37.2%
21
Romania
KRW 404586
41.5%
22
Denmark
KRW 373303
46.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 680674
1.6%
1
USA
KRW 631701
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 691600
0.0%
1
Singapore
KRW 691603
0.0%
2
Hong Kong
KRW 691600
0.0%
3
Pakistan
KRW 676421
2.2%
4
Thailand
KRW 657020
5.0%
5
Indonesia
KRW 630739
8.8%
6
Taiwan
KRW 630387
8.9%
7
South Korea
KRW 617678
10.7%
8
Philippines
KRW 612461
11.4%
9
New Zealand
KRW 609366
11.9%
10
India
KRW 608608
12.0%
11
Malaysia
KRW 605732
12.4%
12
China
KRW 600412
13.2%
13
Vietnam
KRW 588033
15.0%
14
Japan
KRW 561984
18.7%
15
Kazakhstan
KRW 547747
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 675175
2.4%
1
Brazil
KRW 639730
7.5%
2
Puerto Rico
KRW 636614
8.0%
3
Colombia
KRW 636272
8.0%
4
Ecuador
KRW 626239
9.5%
5
Guatemala
KRW 625286
9.6%
6
Costa Rica
KRW 618982
10.5%
7
Panama
KRW 615519
11.0%
8
Peru
KRW 605151
12.5%
9
Argentina
KRW 574028
17.0%
10
Chile
KRW 569878
17.6%
11
Uruguay
KRW 566420
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 684684
1.0%
1
Uganda
KRW 654923
5.3%
2
Zambia
KRW 650104
6.0%
3
Morocco
KRW 644986
6.7%
4
Ivory Coast
KRW 639730
7.5%
5
Senegal
KRW 630066
8.9%
6
Ghana
KRW 623782
9.8%
7
Kenya
KRW 612628
11.4%
8
Mozambique
KRW 589875
14.7%
9
Cameroon
KRW 583517
15.6%
10
Nigeria
KRW 556349
19.6%
11
Angola
KRW 555346
19.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 691600
0.0%
1
United Arab Emirates
KRW 657022
5.0%
2
Qatar
KRW 657019
5.0%
3
Bahrain
KRW 636280
8.0%
4
Oman
KRW 636290
8.0%
5
Lebanon
KRW 617556
10.7%
6
Kuwait
KRW 615533
11.0%
7
Egypt
KRW 610830
11.7%
8
Israel
KRW 600654
13.2%
9
Turkey
KRW 582611
15.8%
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.