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Payroll in South Korea
Payroll in South Korea runs in KRW on a monthly cycle, with statutory employer contributions and severance pay (1 mo/yr). Gracemark operates it end-to-end — humans, not tickets.
Currency
KRW — South Korean won
Payroll cycle
Monthly
Working week
40 hrs (52 max)
Minimum wage
~₩10,320/hr
13th-month
Severance pay (1 mo/yr)
Employer cost
~10–11% (4 insurances)
Probation
3 months
Notice period
30 days
Two ways to run payroll in South Korea
Own-entity payroll
For long-term presence in South Korea. Gracemark manages statutory filings, pay runs, and year-end reporting under your entity — with a named operator on Eastern Asia time.
EOR-run payroll
No entity in South Korea? Employ and pay talent under Gracemark's local infrastructure via EOR — onboard in 2–3 weeks (eor), no local incorporation.
Compliance essentials in South Korea
- Statutory severance: roughly one month's pay per year of service
- 52-hour weekly cap (40 + 12 overtime)
- Four mandatory insurances (pension, health, employment, accident)
- No statutory paid sick leave — companies set their own
- Strong engineering and hardware talent
Get a payroll quote for South Korea
Send your headcount and salary band. We reply with employer burden, net-to-gross, and setup timeline — no sales scripts.
Deeper guide
Hiring guide: South Korea →
Employ without entity
EOR services →
All countries
Global payroll overview →