South Korea Tax Calculator (2026)
Income tax rates and take-home pay for South Korea
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South Korea Income Tax Brackets (2026)
| Bracket | Income Range | Rate |
|---|---|---|
| Up to KRW 14 million | ₩0 - ₩14,000,000 | 6.0% |
| KRW 14 million to KRW 50 million | ₩14,000,000 - ₩50,000,000 | 15.0% |
| KRW 50 million to KRW 88 million | ₩50,000,000 - ₩88,000,000 | 24.0% |
| KRW 88 million to KRW 150 million | ₩88,000,000 - ₩150,000,000 | 35.0% |
| KRW 150 million to KRW 300 million | ₩150,000,000 - ₩300,000,000 | 38.0% |
| KRW 300 million to KRW 500 million | ₩300,000,000 - ₩500,000,000 | 40.0% |
| KRW 500 million to KRW 1 billion | ₩500,000,000 - ₩1,000,000,000 | 42.0% |
| Over KRW 1 billion | ₩1,000,000,000+ | 45.0% |
Personal allowance: ₩1,500,000
Local income tax
| Bracket | Income Range | Rate |
|---|---|---|
| Up to KRW 14 million | ₩0 - ₩14,000,000 | 0.6% |
| KRW 14 million to KRW 50 million | ₩14,000,000 - ₩50,000,000 | 1.5% |
| KRW 50 million to KRW 88 million | ₩50,000,000 - ₩88,000,000 | 2.4% |
| KRW 88 million to KRW 150 million | ₩88,000,000 - ₩150,000,000 | 3.5% |
| KRW 150 million to KRW 300 million | ₩150,000,000 - ₩300,000,000 | 3.8% |
| KRW 300 million to KRW 500 million | ₩300,000,000 - ₩500,000,000 | 4.0% |
| KRW 500 million to KRW 1 billion | ₩500,000,000 - ₩1,000,000,000 | 4.2% |
| Over KRW 1 billion | ₩1,000,000,000+ | 4.5% |
National Pension
| Bracket | Income Range | Rate |
|---|---|---|
| National Pension employee rate | ₩0+ | 4.8% |
Capped at ₩3,631,440 per year
National Health Insurance
| Bracket | Income Range | Rate |
|---|---|---|
| NHI employee rate including long-term care | ₩0+ | 4.1% |
Capped at ₩10,390,220 per year
Employment Insurance
| Bracket | Income Range | Rate |
|---|---|---|
| Employment Insurance employee rate | ₩0+ | 0.9% |
Key Facts
Tax Year
2026
Currency
KRW
Top Rate
45.0%
Brackets
8 brackets
Allowance
₩1,500,000
Social Contributions
3 items
Assumptions
- · Model represents a resident employee with employment income only.
- · Local income tax is calculated as 10% of national PIT and applied as a separate subnational tax.
- · Employment income deduction applied before calculating taxable income.
- · National Pension contribution cap reflects the January-June 2026 rate (KRW 302,570 monthly).
- · National Health Insurance contribution cap set at KRW 10,390,220 annually as of 2026.
- · Employment Insurance participation assumed for representative foreign worker scenario.
- · Basic personal deduction of KRW 1.5 million applied; no dependants claimed.
- · Alternative Minimum Tax not included as it applies to business income, not employment income.
- · Severance pay system excluded as it is taxed separately and not part of standard annual comparison.
- · Wage tax credit simplified to standard representation without individual sub-brackets for income thresholds above KRW 33 million.
- · Various special credits (charitable, education, insurance, medical, pension) excluded from default model for simplicity; only basic wage credit included.
- · Foreign tax treaty provisions and non-resident taxation rules not modeled.
- · Church tax not applicable in Korea.
Frequently asked questions
What is the top income tax rate in South Korea?
The highest marginal income tax rate in South Korea is 0.5%. Your effective tax rate will be lower depending on your income level.
How many tax brackets does South Korea have?
South Korea has 8 income tax brackets. Income is taxed in brackets - you only pay the higher rate on income above each threshold, not on your entire income.
How is take-home pay calculated in South Korea?
Take-home pay in South Korea is your gross salary minus income tax, social contributions, and any applicable surcharges. Use the calculator above to see an exact breakdown for your salary.
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