South Korea tax guide
Planning reference for South Korea using KRW salary values.
This is not an official government calculation. Confirm final details with Korea National Tax Service or a qualified tax professional.
Model coverage
A source-reviewed simplified salary model is available in the calculator.
Scope: Resident employee using the general national schedule, statutory earned-income deduction, one basic personal deduction and 10% local income-tax surcharge. Earned-income tax credits, dependants and special deductions are excluded. Social-insurance rates are representative 2026 employee shares and the pension ceiling is included.
Reference details
| Currency | KRW |
|---|---|
| National tax label | Income Tax and Local Income Tax |
| Personal allowance | 1,500,000 KRW |
| Employee contributions | Representative employee shares: pension 4.5% with monthly cap, health 3.545%, long-term care 0.4591%, and employment insurance 0.9%. |
| Last source review | 2026-07-23 |
Modeled national brackets
| Band | Rate | Reference threshold |
|---|---|---|
| 1 | 6.0% | Up to 14,000,000 KRW |
| 2 | 15.0% | Up to 50,000,000 KRW |
| 3 | 24.0% | Up to 88,000,000 KRW |
| 4 | 35.0% | Up to 150,000,000 KRW |
| 5 | 38.0% | Up to 300,000,000 KRW |
| 6 | 40.0% | Up to 500,000,000 KRW |
| 7 | 42.0% | Up to 1,000,000,000 KRW |
| 8 | 45.0% | Top bracket and above |
Official source
Korea National Tax Service: https://www.nts.go.kr/english/main.do
Tax rules, thresholds, allowances, and contribution limits can change. Use the official source above to verify the current rules before making a financial decision.