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Income Tax

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Ruyven
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Joined: 04/28/2016
Income Tax
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It looks like there is an error on the following page: http://koreabridge.net/post/average-salary-and-tax-structure-south-korea-expats-breeze

In the calculation, it says that for an annual income of 30,000,000 KRW, the income tax is 1,081,970 KRW, which is only about 3.6 % instead of the aforementioned 15 %. Is it really supposed to be that low? Can anyone explain that to me or is it just plain wrong?


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