Minimum Wage Calculator
Converts between hourly, monthly and annual pay at the statutory minimum, including the weekly holiday allowance.
The hourly minimum wage is announced by 고용노동부 고시 each August for the following year, and converting it to a monthly figure is where the confusion is: the standard 209 hours already includes 주휴수당, so a “monthly minimum wage” is not 40 hours a week times four.
Calculated on the 2026 rates.
2026년 기준 · 최저임금 10,320원
Rates change every year. If this still reads 2026 after 2026 has passed, the figures are out of date.
Working conditions
Result
Weekly pay
495,360원
Monthly (converted)
2,152,457원
Annual (converted)
25,829,484원
주휴시간 — paid rest hours
8.00 h
주휴수당 82,560원
2026 minimum wage
10,320원
met
주휴시간 (paid rest hours) = (weekly contracted hours ÷ 40) × 8 = (40 ÷ 40) × 8 = 8.00 h Weekly pay = (40 + 8.00) × 10,320원 = 495,360원 Monthly pay = weekly × (365 ÷ 7 ÷ 12) = 2,152,457원
The monthly figure the Ministry of Employment and Labour publishes is 2,156,880원 on 209 hours. 48 hours a week × 4.345 weeks is 208.57 hours and the notice rounds that up to 209, which is why it differs from the figure above by a few thousand won. Neither is wrong; they round at different points, and an employment contract normally uses the published figure.
How to use it
Convert in whichever direction you need
Hourly to monthly, monthly to hourly, or either to annual. The applicable rate and its 고시 year are shown alongside.
Enter the weekly hours honestly
주휴수당 applies only from 15 contracted hours a week, and that threshold changes the monthly figure by a fifth. Contracted hours, not hours actually worked, are what count.
Apply the probation reduction only where it is allowed
Up to 10% off is permitted for the first three months, and only on a contract of a year or more. On a shorter contract, or from the fourth month, the full rate applies.
Common questions
Which year’s wage is this?
The current 고용노동부 고시 for the applicable year, with no distinction by industry. The figure and its year are shown on the page rather than written into this text, so a stale value is visible on screen rather than buried in prose.
Why 209 hours?
40 contracted hours plus 8 paid 주휴 hours is 48 a week; a month averages 365 ÷ 7 ÷ 12 = 4.345 weeks; 48 × 4.345 is 208.6, rounded to 209 by convention and by the Ministry’s own published figure.
Does my salary meet the minimum?
That depends on which allowances count toward the comparison, and the 산입범위 has been widened in stages so the answer differs by year. This converts a rate; it does not audit a payslip against the 최저임금법.
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