Summary
If you make 98,700,168 원 a year living in South Korea, you will be taxed 22,038,914 원. That means that your net pay will be 76,661,254 원 per year, or 6,388,438 원 per month. Your average tax rate is 22.3% and your marginal tax rate is 29.0%. 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 28.99 원, hence, your net pay will only increase by 71.01 원.
Bonus Example
A 1,000 원 bonus will generate an extra 710 원 of net incomes. A 5,000 원 bonus will generate an extra 3,551 원 of net incomes.