13th month pay
in South Korea.

SALARY PAYMENT IN South Korean Won (KRW, ₩)

CONTRACT LANGUAGES Korean / English

PAYROLL TAX 16.43% – 34.94%

PAYROLL CYCLE Monthly

TIME TO HIRE 24 hours
Get Started

Horizons-owned entity with local country experts in Seoul.

We offer fair, scalable, and transparent pricing on South Korea PEO service. Contact us for a cost breakdown

End service in South Korea with no additional penalties or fees.

Including vision, dental, death & disability, travel, and more.

Hire and pay talents
with Horizons in
180+ countries

Get started

South Korea

Is there a 13th month pay in South Korea?

At the time of writing (Q1, 2023), South Korea has no legislation relating to 13th-month pay. However, it is common in South Korea to give performance-based or incentive bonuses.

How is the 13th month pay calculated in South Korea?

There is no 13th month salary offered in practice or as part of any Korean laws. For other bonuses received in Korea, it is taxed in addition to income the month it is received by the employee.

When is the 13th month salary paid in South Korea?

In South Korea, all bonuses are up to the discretion of the employer or stipulated in the employment agreement.

Does the 13th month salary amount to any extra payment by the employer?

Since virtually no bonuses are guaranteed in South Korea, any bonus would be an extra payment by the employer. =

Is the 13th month salary taxable in South Korea?

All bonuses received in Korea are subject to taxes as income.

Hiring in South Korea, Made Easy

Your business can easily hire employees in South Korea without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.

FAQs

Is the 13th month pay required by law or standard in South Korea?

No, there is no requirement for employers in South Korea to pay 13th month pay or any other bonuses. Some employers may choose to pay performance-based bonuses as a method of attracting and retaining top talent, but any bonus is up to the discretion of the employer.

Are there more than 13th months of pay in South Korea?

No. In South Korea, there are only 12 months of pay guaranteed in an employment agreement. Any additional amount is considered bonus and is taxed as income.

Success stories from businesses we’ve helped enter and grow in new markets.

Client Testimonials

"As a seed-stage, London-based startup, we were initially hesitant to expand internationally due to the administrative workload involved. Horizons completely took the headache out of the process, allowing us to hire a team of software engineers in Germany."

Gabor SzedlakCo-founder & COO

"I truly appreciated the thoroughness and the professionalism of Horizons personnel while we hired internationally with them. When they advised our international expansion, they spoke confidently and were knowledgable on all subject matters pertaining to international employment."

Gary PaskyVice President of Software Development

"On deciding to begin commercial activities in Asia Pacific, we needed a provider to handle the employment and remuneration of our workforce. With Horizons the result was fast, efficient, and fit-for-purpose. We recommend Horizons as an EOR provider.”

Chris MorrellManaging Director

"The collaboration with the Horizons team is excellent. Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. We can highly recommend the Horizons solution to anyone."

Christoph EngelbertCo-Founder & CTO

"We needed an EOR that could provide expert support for payroll in APAC. We are pleased with Horizons’ expertise and the fact that they are flexible, responsive, and easily accessible from Belgium. They were able to provide services within the short timeline we required."

Katia FlamandHuman Resources

Global Benefits

Global Immigration

Talent Acquisition

Global Payroll

Global Mobility

Talent Acquisition

Hire Globally

Switch to Horizons

Subsidiary to EOR

For HR Teams

For Finance Teams

For Legal Teams

Insights

Inside Horizons

Help Center

Support

Global Payroll Calculator

About Horizons

Success Stories

Partner Program

Global Hubs

Careers

13th month pay
in South Korea.

Is there a 13th month pay in South Korea?

How is the 13th month pay calculated in South Korea?

When is the 13th month salary paid in South Korea?

Does the 13th month salary amount to any extra payment by the employer?

Is the 13th month salary taxable in South Korea?

Hiring in South Korea, Made Easy

FAQs

Success stories from businesses we’ve helped enter and grow in new markets.

Client Testimonials

Hire Anywhere. Today.

13th month pay in South Korea.

Is there a 13th month pay in South Korea?

How is the 13th month pay calculated in South Korea?

When is the 13th month salary paid in South Korea?

Does the 13th month salary amount to any extra payment by the employer?

Is the 13th month salary taxable in South Korea?

Hiring in South Korea, Made Easy

FAQs

Success stories from businesses we’ve helped enter and grow in new markets.

Client Testimonials

Hire Anywhere. Today.

13th month pay
in South Korea.