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🇰🇷 Korea Tax Calculator 2026

Calculate your take-home pay, income tax, and social security contributions in Korea.

₩

Tax Breakdown for ₩50,000,000

Annual gross salary in Korea

70.7%
20.1%
9.3%
Take-Home Pay Income Tax Social Security
Gross Salary ₩50,000,000
● Employee Social Security −₩4,635,000
● Income Tax −₩10,036,250
Net Annual Pay ₩35,328,750

Take-Home Pay Breakdown

Monthly
₩2,944,063
Bi-weekly
₩1,358,798
Weekly
₩679,399
Daily
₩135,880
Hourly
₩16,984.98
Effective Tax Rate
29.3%
of gross income goes to tax & SS
Cost to Employer
₩53,350,361
incl. ₩3,350,361 employer SS
Total Tax Take
33.8%
of total employer cost
PPP-Adjusted Value
$43,593
equivalent US purchasing power

Korea Tax at Different Salary Levels

Gross Salary Income Tax Employee SS Net Income Effective Rate Monthly Net
₩25,000 ₩2,268 ₩2,316 ₩20,416 18.3% ₩1,701
₩50,000 ₩4,537 ₩4,632 ₩40,831 18.3% ₩3,403
₩75,000 ₩6,805 ₩6,948 ₩61,247 18.3% ₩5,104
₩100,000 ₩9,074 ₩9,264 ₩81,662 18.3% ₩6,805
₩150,000 ₩13,609 ₩13,908 ₩122,483 18.3% ₩10,207
₩200,000 ₩18,146 ₩18,540 ₩163,314 18.3% ₩13,610

Korea Tax Rate by Income

Total effective tax rate (income tax + employee social security) as a percentage of gross income.

Korea Income Tax Brackets 2026

Up to ₩1,500,000 0%
₩12,000,000 – ₩46,000,000 6.0%
₩46,000,000 – ₩88,000,000 15.0%
₩88,000,000 – ₩150,000,000 24.0%
₩150,000,000 – ₩300,000,000 35.0%
₩300,000,000 – ₩500,000,000 38.0%
₩500,000,000 – ₩1,000,000,000 40.0%
Over ₩1,000,000,000 42.0%
Band 8 45.0%

Social Security Contributions

Employee Contribution
9.3%
Employer Contribution
11.0%
Combined Rate
20.3%

Compare Korea Tax With Other Countries

🇯🇵 vs Japan 🇦🇺 vs Australia 🇳🇿 vs New Zealand

About Income Tax in Korea (2026)

Korea uses the South Korean Won (₩) (KRW) as its currency and has a Purchasing Power Parity index of 810.43 relative to the US Dollar. With a top marginal tax rate of 45.0%, Korea maintains a moderate tax environment that balances public spending with economic competitiveness.

Workers in Korea benefit from a tax-free personal allowance of ₩1,500,000, meaning income below this threshold is not subject to income tax. The employee social security contribution rate is 9.3%, and the employer contribution rate is 11.0%, giving a combined rate of 20.3% that employers should factor into total employment costs.

How to use this Korea tax calculator

Enter your annual gross salary in KRW above and click "Calculate" to see your tax breakdown. The calculator shows your income tax, employee social security, and net take-home pay, broken down by month, bi-weekly, weekly, daily, and hourly. For international comparisons, use the country comparison tool to see how Korea stacks up.

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Disclaimer: This calculator provides approximations based on OECD data for 2026 for a single individual with no children, employed full-time as a tax resident. It does not account for additional deductions, surtaxes, tax credits, or lump-sum taxes. For precise calculations, consult a qualified tax professional in Korea.

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