Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
8,016,590 원
Income Tax
- 153,749 원
Local Tax
- 15,375 원
National Pension
- 360,747 원
National Health Insurance
- 314,571 원
Employment Insurance
- 72,149 원
Total tax
- 916,591 원
Net pay
* 7,099,999 원
Marginal tax rate
12.7%
Average tax rate
11.4%
88.6%
Net pay
11.4%
Total tax
Total tax
Net pay
The Taxberg
7,099,999 원
Net pay
1,533,093 원
Tax the employer pays
916,591 원
Tax you pay
Total tax paid
2,449,684 원
Did you know your employer also pays tax on your salary? It costs the employer 1,533,093 원 to pay you 8,016,590 원. In other words, every time you spend 10 원 of your hard-earned money, 3.06 원 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 11.4% tax rate now rises to 25.7%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
Summary
If you make 8,016,590 원 a year living in South Korea, you will be taxed 916,591 원. That means that your net pay will be 7,099,999 원 per year, or 591,667 원 per month. Your average tax rate is 11.4% 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.
North America
Country 
Net pay
Average tax
Rank
USA
KRW 7322268
8.7%
1
Canada
KRW 6430921
19.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 8016592
0.0%
1
Hong Kong
KRW 8016590
0.0%
2
Pakistan
KRW 7682396
4.2%
3
Thailand
KRW 7573283
5.5%
4
Philippines
KRW 7368878
8.1%
5
Taiwan
KRW 7307041
8.9%
6
Indonesia
KRW 7135193
11.0%
7
South Korea
KRW 7099999
11.4%
8
Malaysia
KRW 7072608
11.8%
9
New Zealand
KRW 7063421
11.9%
10
India
KRW 7054599
12.0%
11
Singapore
KRW 6998137
12.7%
12
Vietnam
KRW 6598052
17.7%
13
Japan
KRW 6514168
18.7%
14
Kazakhstan
KRW 6349139
20.8%
15
China
KRW 6026471
24.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Colombia
KRW 7420813
8.0%
1
Puerto Rico
KRW 7379268
8.0%
2
Ecuador
KRW 7259018
9.5%
3
Guatemala
KRW 7247919
9.6%
4
Brazil
KRW 7191735
10.3%
5
Costa Rica
KRW 7174848
10.5%
6
Mexico
KRW 7173290
10.5%
7
Panama
KRW 7134762
11.0%
8
Peru
KRW 7014516
12.5%
9
Chile
KRW 6605670
17.6%
10
Uruguay
KRW 6405255
20.1%
11
Argentina
KRW 5201004
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 7773461
3.0%
1
Morocco
KRW 7114561
11.3%
2
Cameroon
KRW 6515269
18.7%
3
Ivory Coast
KRW 6465880
19.3%
4
Mozambique
KRW 6392272
20.3%
5
Kenya
KRW 6366496
20.6%
6
Ghana
KRW 6050904
24.5%
7
Angola
KRW 6036469
24.7%
8
Zambia
KRW 5698000
28.9%
9
Senegal
KRW 5628864
29.8%
10
Nigeria
KRW 5627454
29.8%
11
Uganda
KRW 5623725
29.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 7615759
5.0%
1
Qatar
KRW 7615761
5.0%
2
Bahrain
KRW 7375278
8.0%
3
Oman
KRW 7375253
8.0%
4
Saudi Arabia
KRW 7214931
10.0%
5
Kuwait
KRW 7134758
11.0%
6
Israel
KRW 6962408
13.2%
7
Egypt
KRW 6306066
21.3%
8
Lebanon
KRW 6278228
21.7%
9
Turkey
KRW 4935065
38.4%
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.