How do I convert monthly pay to hourly?
For a 40-hour week, monthly scheduled hours are 209: 40 hours plus 8 weekly holiday hours = 48 hours, times the average weeks per month (about 4.345).
- Monthly pay = hourly wage × 209 (40 hours/week)
- Hourly wage = monthly pay ÷ 209
- Annual salary = monthly pay × 12 (excl. bonuses and severance)
2026 minimum wage
₩10,320 an hour, ₩2,156,880 a month (209 hours), about ₩25.88M a year. During a 3-month probation (on contracts of 1 year or more), it can be cut to 90%, except for simple labor jobs.
If working hours differ
Change the weekly hours to recalculate monthly paid hours including weekly holiday hours (for 15+ hours a week).
FAQ
What if severance is included in the salary?
With severance included, monthly pay is the salary divided by 13. Including severance in the salary and paying it out monthly is generally against the law.