Hourly wage calculator
Convert an hourly rate into monthly and annual pay, or work backwards from a salary.
Input
Gross pay, before tax and any social insurance.
Scheduled hours excluding overtime — 40 for five eight-hour days.
Used only for the daily figure.
Korean law pays one extra rest day per week to anyone scheduled 15 hours or more. Leave it off outside Korea.
Result
Hourly rate
₩10,320
Based on 208.6 paid hours a month
- Daily
- ₩82,560
- Weekly
- ₩495,360
- Monthly
- ₩2,152,457
- Annual
- ₩25,829,486
Hours
- Hours per day
- 8.0h
- Paid weekly-holiday hours
- 8.0h
- Hours worked per month
- 173.8h
- Hours paid per month
- 208.6h
Premium rates
Korean statutory multipliers (근로기준법 제56조) applied to the base hourly rate.
- Overtime
- ₩15,480
- Night-shift premium (22:00–06:00)
- ₩15,480
- Holiday work, first 8 hours
- ₩15,480
- Holiday work beyond 8 hours
- ₩20,640
Overtime worked at night carries both premiums, so the hour is worth 2.0×.
Against the Korean minimum wage
Hourly rate
₩10,320At or above the minimum
Exactly the minimum wage.
- Minimum wage, hourly
- ₩10,320
- Minimum wage, monthly
- ₩2,156,880As published, against 209 hours a month
- Share of the minimum wage
- 100.0%
Whether a wage actually breaches the minimum depends on which bonuses and allowances count towards it, and on the probation reduction of up to 10% in the first three months. Check with the Ministry of Employment and Labour (1350) for a binding answer.
Monthly and annual pay at the minimum wage
| Hours a week | Hourly | Monthly (gross) | Annual (gross) |
|---|---|---|---|
| 10h | ₩10,320 | ₩448,429 | ₩5,381,143 |
| 15h | ₩10,320 | ₩807,171 | ₩9,686,057 |
| 20h | ₩10,320 | ₩1,076,229 | ₩12,914,743 |
| 25h | ₩10,320 | ₩1,345,286 | ₩16,143,429 |
| 30h | ₩10,320 | ₩1,614,343 | ₩19,372,114 |
| 35h | ₩10,320 | ₩1,883,400 | ₩22,600,800 |
| 40h | ₩10,320 | ₩2,152,457 | ₩25,829,486 |
How to use
- Choose which figure you know — hourly, daily, weekly, monthly or annual — and enter it.
- Enter your contracted hours per week and how many days those hours are spread over.
- Leave the paid weekly holiday on for a Korean contract; switch it off elsewhere.
- Read the hourly rate, the monthly and annual equivalents, and the hours actually paid.
- The Korean minimum-wage comparison sits below, with the premium rates for overtime and night work.
Frequently asked questions
Why 4.345 weeks in a month rather than 4?
A year has 52.14 weeks, so a month averages 365 ÷ 7 ÷ 12 = 4.345 of them. Using 4 understates monthly pay by about 8% — roughly a fortnight's wages over a year.
What is the paid weekly holiday?
Korean labour law (근로기준법 제55조) pays an extra rest day each week to anyone scheduled 15 hours or more who works every scheduled day. For a 40-hour week that is 8 paid hours on top, which is why Korean monthly pay is quoted against 209 hours rather than 174.
How do I convert a salary back to an hourly rate?
Divide monthly pay by the hours actually paid for in a month, not by 160 or 173. This calculator derives that figure from the weekly hours you enter, so a 35-hour week gives about 182 paid hours and a 30-hour week about 156.
What are the premium rates?
In Korea, work beyond 8 hours a day or 40 a week is paid at 1.5×. Night work between 22:00 and 06:00 adds 0.5×, so night overtime is 2.0×. Holiday work is 1.5× for the first eight hours and 2.0× beyond. Workplaces with fewer than five employees are exempt from these premiums.
Is this take-home pay?
No — every figure is gross. Income tax and social insurance come out of it; the salary calculator handles those for Korean payslips.
About the Hourly wage
An hourly wage calculator earns its keep whenever two jobs are quoted on different bases: one an hourly rate, the other a monthly salary. Converting them onto the same footing takes a schedule, not just arithmetic, which is why this page asks for your weekly hours before it answers.
The number that matters is paid hours per month. A month is 4.345 weeks, not four, and in Korea an employer also pays for a weekly rest day. Together those give the 209 hours that Korean pay is quoted against; enter a different schedule and the page recomputes it rather than reusing 209.
Because every figure here is gross, treat it as the top of the payslip rather than the bottom. What lands in an account depends on the tax and insurance rules of the country you are paid in.