Tools

Hourly Wage Calculator

Calculate daily, weekly, monthly, and annual pay based on hourly wage.

시간

How to Calculate

Hourly wage-based pay calculation: Daily wage = Hourly rate × Hours per day Weekly wage = Daily wage × Days per week Weekly holiday pay = Hourly rate × Hours per day (for 15+ hours/week workers) Monthly wage = (Weekly wage + Holiday pay) × 4.345 weeks Weekly holiday pay applies to workers who work 15+ hours/week and are fully present. 4.345 weeks = 365 days / 12 months / 7 days

Example

Hourly rate: ₩9,860 (2024 minimum wage), 8 hrs/day, 5 days/week - Daily wage: ₩78,880 - Weekly wage: ₩394,400 - Weekly holiday pay: ₩78,880 - Monthly wage: approx. ₩2,060,740 - Annual wage: approx. ₩24,728,880

FAQ

What is weekly holiday pay?
Workers who work 15+ hours per week and are fully present receive one paid day off per week. The pay equals one day's worth of the hourly rate.
What is the 2024 minimum wage?
The 2024 minimum wage is ₩9,860/hour. The minimum monthly wage (40 hrs/week including weekly holiday pay) is approx. ₩2,060,740.