🇰🇷 South Korea Statutory Tax Guide
South Korea Tax Brackets & Rates (2026)
Comprehensive statutory tax rates, withholding thresholds, social contributions, and deduction rules governed by National Tax Service (NTS).
Advertisement728x90 Leaderboard
📜 Statutory Authority & Legal Framework
In South Korea, personal income taxation is administered by the National Tax Service (NTS) under the authority of Income Tax Act of South Korea.
South Korea progressive income tax (6% to 45%) plus 10% local resident tax and ~9.4% social insurance.
📊 2026 Progressive Marginal Tax Brackets
Currency: KRW| Income Bracket (₩) | Marginal Tax Rate | Bracket Type |
|---|---|---|
| Up to ₩14M (6%) | 6.0% | Tier 1 |
| ₩14M – ₩50M (15%) | 15.0% | Tier 2 |
| ₩50M – ₩88M (24%) | 24.0% | Tier 3 |
| ₩88M – ₩150M (35%) | 35.0% | Tier 4 |
| ₩150M – ₩300M (38%) | 38.0% | Tier 5 |
| ₩300M – ₩500M (40%) | 40.0% | Tier 6 |
| ₩500M – ₩1B (42%) | 42.0% | Tier 7 |
| Over ₩1B (45%) | 45.0% | Tier 8 |
🛡️ Mandatory Social Security & Pension Contributions
Four Major Social Insurances
Employee Share: 9.4%
Employer Share: 10.3%
Frequently Asked Questions: South Korea Taxation
What are the income tax brackets in South Korea? ↓
South Korea operates a progressive tax system administered by National Tax Service (NTS) under Income Tax Act of South Korea.
What social security or pension contributions apply in South Korea? ↓
Mandatory contributions include: Four Major Social Insurances (9.4%).