Hourly Wage Calculator

Convert hourly, daily, weekly, and monthly pay
with precision and 2026 standards.

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Benchmarking

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2026 Min Wage (10,320) ₩ 10,320

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Understanding South Korea's Minimum Wage 2026

The 10,320 KRW Benchmark

For the first time in history, South Korea's minimum wage has surpassed the 10,000 KRW mark. Starting January 1st, 2026, the hourly rate is set at 10,320 KRW.

Monthly Minimum

Based on a 209-hour work month (including WHP), the monthly minimum salary is 2,156,880 KRW.

Weekly Holiday Pay (WHP)

If you work more than 15 hours per week, you are entitled to one paid day off per week. This is a mandatory requirement under Korean Labor Law.

Formula: (Weekly Work Hours / 40) * 8 * Hourly Wage

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FAQ

Quick answers to common questions.

What is Korea's 2026 minimum wage?

Korea's 2026 minimum wage is 10,320 KRW per hour, effective January 1, 2026.

What is Weekly Holiday Pay (WHP)?

WHP is mandatory paid leave for workers who work 15+ hours per week. Employers must pay for 1 additional day per week, effectively boosting monthly income.

How is monthly salary calculated from hourly wage?

Monthly = (Hourly × Hours/day × Days/week + WHP) × 4.345. WHP is calculated as (Weekly hours ÷ 40) × 8 × Hourly wage.