CalcHub
Free Salary & Tax CalculatorAs of 2024
📝 Enter hourly wage information
hourly wage9,860 won
원
9,860 won
(Lowest)30,000 won60,000 won100,000 won
(Lowest)30,000 won60,000 won100,000 won
Daily working hours8 hours
hour
1 hour6 hours12 hours24 hours
Weekly working days5 days
일
1 day3 days5 days7 days
💡 2024 Minimum Hourly Wage: 9,860 KRW. Weekly Holiday Allowance applies when working 15 hours or more per week.
📊 Calculation result
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After entering the hourly wage and working hours
CalculatePlease press .
Monthly salary (including weekly holiday allowance)
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hourly wage—
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Weekly wage (including weekly rest)—
Monthly salary (including weekly rest)—
Annual salary (including weekly rest)—
Weekly holiday allowance (Company)—
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What is an hourly wage calculator?
Enter the hourly wage and working hours to automatically calculate the daily, weekly, monthly, and annual wages. The 2024 minimum hourly wage of 9,860 won is provided as the default value.
What is weekly holiday allowance?
Weekly Holiday Allowance = Daily Standard Working Hours × Hourly Wage
Conditions: At least 15 hours of scheduled work per week + perfect attendance during the relevant week
Conditions: At least 15 hours of scheduled work per week + perfect attendance during the relevant week
💡 Based on the 2024 minimum hourly wage of 9,860 won: Monthly salary of approximately 2,060,740 won including weekly holiday allowance for working 8 hours a day, 5 days a week.
Salary conversion standards
Monthly Conversion = Weekly Wage × 4.345 Weeks (1 Year 52.14 Weeks ÷ 12 Months)
Frequently Asked Questions
What is the minimum hourly wage in 2024?
The minimum hourly wage in 2024 is 9,860 won. Based on a 40-hour workweek and 209 hours per month, the minimum monthly wage is 2,060,740 won.
When can I receive the weekly holiday allowance?
If you work at least 15 hours of scheduled work per week and have perfect attendance without absence during that week, you are entitled to receive one day's regular wage as a weekly holiday allowance. This applies equally to part-time workers.
Which is more advantageous, an hourly wage or a monthly salary?
It is difficult to compare based solely on monetary amounts. Hourly wages vary depending on working hours, and weekly holiday allowances must be calculated separately. Monthly salaries consist of a fixed salary, but overtime pay is provided separately.