South Korea Holiday Pay Calculator
Calculate how much you'll earn for working on a public holiday in South Korea. This calculator uses South Korea's typical holiday pay practices and statutory requirements.
Holiday Pay Rules in South Korea
Understanding Holiday Pay in South Korea
South Korea has public holidays where premium pay applies under the Labor Standards Act.
Statutory Protection
South Korea has legal requirements for holiday pay. Employees are entitled to premium compensation for working on public holidays.
Common Practices
Premium of 50% above regular wages (1.5x) for holiday work.
Special Rules and Considerations
Chuseok and Lunar New Year typically have extended holiday periods.
How to Calculate Your Holiday Pay
The standard formula for calculating holiday pay in South Korea is:
Holiday Pay = Hourly Wage × Hours Worked × 1.5
Example: Worker in South Korea
A worker in South Korea earning ₩25/hour working 8 hours on a public holiday:
- Holiday rate at 1.5x: ₩25 × 1.5 = ₩37.50/hour
- Holiday pay: ₩37.50 × 8 hours = ₩300.00
- Regular pay would be: ₩25 × 8 = ₩200.00
- Extra premium earned: ₩100.00
Key Considerations for South Korea
- Check your employment contract for specific holiday pay entitlements
- Collective agreements may specify higher rates than statutory minimums
- Some industries may have additional holiday work restrictions
- Compensatory time off may be offered instead of or in addition to premium pay
Disclaimer: This calculator provides estimates based on common practices in South Korea. Actual holiday pay depends on South Korea's specific labor laws, your employment contract, and any applicable collective agreements. This is not legal or financial advice. Consult with a local employment professional for specific guidance.
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