Korean wage converter
Hourly, daily, weekly, monthly and annual pay converted on the standard 209 contractual hours a month.
209 hours is 40 contractual hours plus 8 paid holiday hours — 48 a week — converted to a month of 365 ÷ 7 ÷ 12 = 4.345 weeks. Knowing where the number comes from also shows why it should not be applied to shorter weeks: at 20 hours a week the monthly figure is about 104 hours, not 209.
What you know
What you enter is saved in this browser, so it is still here next time
Divided by monthly contractual hours.
The hours agreed in the contract.
Used only for the daily figure.
The standard value for 40 hours plus 8 paid holiday hours.
Converted
Hourly
₩14,354
Converted
- Daily
- ₩114,832
- Weekly
- ₩574,162
- Monthly
- ₩3,000,000
- Annual
- ₩36,000,000
Monthly hours
209 h
Paid holiday hours per week
8 h
209 hours is 48 hours a week (40 plus 8 paid holiday) across 4.345 weeks.
The minimum wage changes yearly and is not built in. Check the year's figure with the Minimum Wage Commission.
A conversion on contractual hours. Actual pay varies with allowances and deductions.
A monthly wage of 3,000,000 won is 14,354 won an hour
The amount you enter is first turned into an hourly rate, and the other figures are that rate times hours. Monthly pay is divided by monthly contractual hours — 3,000,000 ÷ 209 = 14,354.07, and dropping the fraction gives 14,354 won. Annual pay is divided by 12 and then by the same 209, so 36,000,000 won is also 14,354 an hour.
Deriving from weekly hours means (contractual + paid holiday) × 365 ÷ 7 ÷ 12 instead of 209
Paid holiday hours are weekly hours divided by 40 times 8, and they stop at 8 even beyond 40 hours. At 40 hours a week that is 48 × 4.345 = 208.57 hours, nearly 209, but at 20 hours a week the 4 paid holiday hours make 24, which is 104.29 hours a month. At 10,000 won an hour and 20 hours a week the monthly figure is 1,042,857 won, not 2,090,000. Applying 209 to part-time work is where the monthly figure doubles.
Daily pay divides by working days a week
Daily hours are weekly contractual hours divided by working days. 40 hours over 5 days is 8, so daily pay is 14,354 × 8 = 114,832 won; over 4 days it is 10 hours and 143,540 won. Overtime, night and holiday premiums are not added, and under 15 hours a week the paid holiday hours are zero (Labor Standards Act Article 18(3)) — this is a conversion on contractual hours, not actual pay.
Common questions
QWhy is the minimum wage not built in?
It is announced each August and changes the following January. Hard-coding it means months can pass with nobody noticing it moved. Enter the figure you want to compare against, and check the year's value with the Minimum Wage Commission.
QI have seen 226 hours instead of 209.
209 assumes 40 contractual hours and 8 paid holiday hours. Workplaces that also treat four Saturday hours as paid arrive at 226. What the works rules say decides it, so the hours field here is editable.
QWhy are fractions of a won cut off?
Wages are paid in whole won, so hourly, daily, weekly, monthly and annual figures all drop the fraction. That is why the hourly rate times 209 can look a few won short of the monthly pay you entered. The multiplication uses the rate before dropping, not the rate shown.
QDo paid holiday hours grow if I enter 52 hours a week?
No. They are pro rata up to 40 hours, so anything from 40 up gets 8. At 52 hours a week, the derived monthly figure is 60 × 4.345 = 260.71 hours.