Calculate daily, weekly, and monthly pay based on Korea's 2026 minimum wage (₩10,320/hour)
Korea's 2026 minimum hourly wage is ₩10,320, increased by ₩290 (2.9%) from 2025. All businesses must pay at least the minimum wage.
Korea's 2026 minimum hourly wage is ₩10,320, an increase of ₩290 (2.9%) from 2025 (₩10,030). Based on this, the daily wage (8 hours) is ₩82,560, the weekly wage (40 hours) is ₩412,800, and the monthly salary (209 hours) is ₩2,156,880. All employers are legally required to pay at least this amount.
The weekly paid leave allowance is paid to workers who work 15 or more hours per week and complete all scheduled workdays in that week. It equals one additional day of pay per week. The monthly 209-hour standard already includes this allowance. Always check your contract to confirm whether it is included.
Monthly salary is calculated by multiplying the minimum hourly wage (₩10,320) by the monthly reference hours (209 hours). The 209 hours is derived from 40 hours/week × 4.345 weeks, which includes weekly paid leave hours. For part-time workers, multiply your actual hours by the hourly wage.
Overtime (more than 8 hours/day) and night shift work (10 PM–6 AM) must be compensated at 150% of the regular wage. At the minimum wage of ₩10,320/hour, the overtime premium is ₩5,160/hour, making the total ₩15,480/hour. Note that some rules may differ for workplaces with fewer than 5 employees.
The minimum wage system is the minimum level of wages set by law to ensure the livelihood of workers, decided and announced each year by the Minister of Employment and Labor after deliberation by the Minimum Wage Commission. It applies to all workplaces, and during probationary periods, at least 90% of the minimum wage must be paid. Employers who violate the minimum wage face imprisonment of up to 3 years or a fine of up to 20 million KRW.
Korea's minimum wage has steadily increased from ₩6,470 in 2017 to ₩10,320 in 2026. The Minimum Wage Commission determines the following year's minimum wage through labor-management negotiations each year, and the next year's minimum wage is typically announced around August. The consistent increases have contributed to improving the living conditions of low-wage workers.
In addition to the minimum wage, there are various statutory allowances such as overtime pay, night shift pay, and holiday work pay. For overtime, night, and holiday work, 50% of the regular wage must be added, applying to workplaces with 5 or more employees. For accurate allowance calculations, check the regular wage standard specified in your employment contract and consult the Ministry of Employment and Labor if needed.