Income tax in South Korea (2026)
In 2026, income tax in South Korea runs from 6% to 49.5%. On a ₩80,000,000 salary you take home ₩64,102,569 a year, ₩5,341,881 a month.
Income tax rates
- Top rate
- 49.5%
- Lowest rate
- 6%
- Tax-free allowance
- None
- VAT
- 10%
- Capital gains
- 45%
The 2026 bands, in South Korean Won
| Taxable income (after allowance) | Rate |
|---|---|
| ₩0 to ₩14,000,000 | 6% |
| ₩14,000,000 to ₩50,000,000 | 15% |
| ₩50,000,000 to ₩88,000,000 | 24% |
| ₩88,000,000 to ₩150,000,000 | 35% |
| ₩150,000,000 to ₩300,000,000 | 38% |
| ₩300,000,000 to ₩500,000,000 | 40% |
| ₩500,000,000 to ₩1,000,000,000 | 42% |
| over ₩1,000,000,000 | 45% |
These are the national bands. The top rate of 49.5% also counts surcharges and regional or local income taxes.
Take-home pay by salary
₩25,000,000: ₩22,318,272 take-home (10.7% total tax)₩30,000,000: ₩26,554,448 take-home (11.5% total tax)₩35,000,000: ₩30,547,495 take-home (12.7% total tax)₩40,000,000: ₩34,396,544 take-home (14% total tax)₩45,000,000: ₩38,263,193 take-home (15% total tax)₩50,000,000: ₩42,073,742 take-home (15.9% total tax)₩60,000,000: ₩49,694,840 take-home (17.2% total tax)₩70,000,000: ₩57,315,940 take-home (18.1% total tax)₩80,000,000: ₩64,102,569 take-home (19.9% total tax)₩90,000,000: ₩71,228,969 take-home (20.9% total tax)₩100,000,000: ₩78,355,369 take-home (21.6% total tax)₩120,000,000: ₩91,768,197 take-home (23.5% total tax)₩150,000,000: ₩109,202,715 take-home (27.2% total tax)₩200,000,000: ₩138,214,300 take-home (30.9% total tax)₩250,000,000: ₩166,286,791 take-home (33.5% total tax)₩300,000,000: ₩194,359,283 take-home (35.2% total tax)₩400,000,000: ₩248,983,534 take-home (37.8% total tax)₩500,000,000: ₩302,201,800 take-home (39.6% total tax)
Compare with other countries
Cost of living in South Korea
Frequently asked questions
What are the income tax rates in South Korea?
Income tax in South Korea runs from 6% to 49.5%, in 8 bands.
Is there a tax-free allowance in South Korea?
No — South Korea has no general tax-free allowance.
What is the take-home pay on ₩80,000,000 in South Korea?
On ₩80,000,000 in South Korea you take home ₩64,102,569 a year — ₩5,341,881 a month.
2026 rules checked against taxsummaries.pwc.com. Single person, employee, no other income. Not tax advice. Change the details