KR
South Korea: Payroll & Employment Facts
Verified statutory employment facts for South Korea, each with its official source and the date it applies from. This is our reference record. For provider choice and hiring advice, see the South Korea employer-of-record guide and the South Korea country hub.
What is the minimum wage in South Korea?
| National minimum wage |
₩10,320.00 / hour
|
|---|---|
| Next review date |
Q3 2026
|
What employer social contributions apply in South Korea?
Rates are a percentage of gross wage, applied up to the annual contribution ceiling.
| Employer social security rate |
1.15%
|
|---|---|
| Pension |
4.50%
|
| Healthcare |
4.00%
|
| Industrial Accident Compensation Insurance |
1.53%
|
| Annual contribution ceiling |
74,040,000 KRW
|
| Total employer burden |
11.18%
|
What notice and leave rules apply in South Korea?
Statutory minimum notice the employer must give, by completed length of service.
| Length of service | Employer notice |
|---|---|
| 0 to 2 months | 0 weeks |
| 3+ months | 4 weeks |
Checked 2026-06-06
| Payment in lieu of notice (PILON) |
Permitted
|
|---|---|
| Minimum annual leave |
15 days
|
| Annual leave includes public holidays |
No
|
| Public holidays per year |
15 days
|
Is 13th-month pay required in South Korea?
None of the following are mandated by statute; they may still arise from a contract or collective agreement.
| Thirteenth-month pay required |
Not available
|
|---|---|
| Profit sharing required |
Not available
|
| Holiday bonus required |
Not available
|
How is severance calculated in South Korea?
| Formula |
A statutory minimum of 30 days' average wage for each year of continuous service
|
|---|---|
| Per-year multiplier |
1
|
| Minimum qualifying tenure |
12 months
|
| Calculation base |
Average wage over final 3 months
|