The location factor for South Korea is 1.53, based on national market rates.
This means a ₩110,043,362 per year salary would roughly
be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to ₩115,625,272.
It would be ₩108,621,250 based on living costs, ₩114,131,024 with taxes paid in Germany.
You can also start a calculation based on South Korea.
|Chosen Factor||1.53 1.61*|
|Market Rates||1.53 1.61*|
|Consumer Price Index||1.09 1.14*|
|Rent Index*||1.31 1.38*|
|Consumer Price Plus Rent Index||1.14 1.20*|
|Groceries Index||1.51 1.59*|
|Restaurant Price Index*||0.72 0.76*|
|Local Purchasing Power Index*||0.77 0.81*|
|Buffer Location Bracket*||B or A|
|Currency||South-Korean Won (KRW)|
|Income Tax*||6% to 38%|
Locations in South Korea
|Seoul||1.53 1.61*||Market Rates|