South Korea Employment Guide

South Korea Employment Guide

South Korea, located in East Asia on the southern half of the Korean Peninsula, has a population of about 52 million and a highly developed economy driven by technology, automotive, shipbuilding, and electronics industries. Employment in South Korea is regulated by the Labor Standards Act, which covers working hours, minimum wage, overtime, paid leave, termination, and workplace safety. Employers must also comply with national health insurance, pension, and social security contributions. South Korea emphasizes employee rights and workplace fairness, and foreign workers must adhere to the same labor regulations as local employees.

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Currency

South Korean Won (KRW)

Capital

Seoul

Official language

Korean

Salary Cycle

Monthly

Our Employment Guide in South Korea

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Paid Time Off (PTO) Policy

At SailGlobal, we recognize the importance of work-life balance for our employees in South Korea. Both full-time and part-time staff begin accumulating PTO from their first day of employment. During the initial year, employees earn 11 days of paid leave, accrued at a rate of one day per month until the day before their first work anniversary.

Starting from the second year, employees receive a minimum of 15 PTO days, which are granted in full on the first day of the new leave year. To reward long-term commitment, SailGlobal provides an additional day of PTO for every two consecutive years of service beyond the second year. The maximum annual PTO cap is set at 25 days, ensuring our seasoned team members enjoy extended rest periods.

Public Holidays in South Korea

South Korea observes 13 national public holidays, totaling 17 days off annually. These holidays are integral to the local culture and provide opportunities for employees to recharge. The complete list includes:

  • New Year's Day
  • Lunar New Year (3 days)
  • Independence Movement Day
  • Presidential Election Day
  • Children's Day
  • Buddha's Birthday
  • Local Election Day
  • Memorial Day
  • Liberation Day
  • Chuseok (Korean Thanksgiving, 3 days)
  • National Foundation Day
  • Hangeul Day
  • Christmas Day

For instance, companies like SailGlobal often align their operations with these holidays to support employee well-being, as seen in industries such as tech and finance where downtime boosts productivity.

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