Location Factors

South Korea

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.

Name 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%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on PayScale. Living costs based on Numbeo.

Locations in South Korea

City Factor Based On
Seoul 1.53 1.61* Market Rates
create calculation* If taxes paid in Germany instead.