Location Factors

Seoul

The location factor for Seoul (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 Berlin (Germany).
If you would have to pay full taxes in Germany, this amount would rise to ₩115,625,272.
It would be ₩99,847,139 based on living costs, ₩104,911,849 with taxes paid in Germany.

You can also start a calculation based on Seoul.

Name Seoul
🇰🇷
South Korea
Chosen Factor 1.53 1.61* 1.53 1.61*
Market Rates unavailable 1.53 1.61*
Consumer Price Index 1.12 1.18* 1.09 1.14*
Rent Index* 1.42 1.49* 1.31 1.38*
Consumer Price Plus Rent Index 1.20 1.26* 1.14 1.20*
Groceries Index 1.39 1.46* 1.51 1.59*
Restaurant Price Index* 0.85 0.89* 0.72 0.76*
Local Purchasing Power Index* 0.91 0.96* 0.77 0.81*
Buffer Location Bracket* B or A 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.