- Country Information
- South Korea
In this article...
South Korea
- What Onboarding Documents shall Employee provide for enrollment?
- What are required for your reimbursement claming on expense In Korea?
- What items of remunerations are tax exemptions in Korea?
- Horizons Payroll Calendar - Korea 2024
- What are the Horizons Work Rules in South Korea?
- What is the minimum wage notice in South Korea?
- What types of Employment Agreements does Horizons offer in South Korea?
- What is the standard Probation Period in South Korea?
- What are the Working Hours and Overtime Regulations in South Korea?
- What are the Sick Leave regulations in South Korea?
- What are the Annual Leave Regulations in South Korea?
- What are the Paid and Unpaid Leave entitlements in South Korea?
- What are the Allowances and Bonuses in South Korea?
- What is the Minimum Wage and Salary Payment Structure in South Korea?
- What are the Personal Income Tax regulations in South Korea?
- What are the Social Security Contributions in South Korea?
- Can Employment Agreements be backdated in South Korea?
What are the Annual Leave Regulations in South Korea?
In South Korea, annual leave entitlements are structured to reward long-term service and regular attendance.
Minimum Annual Leave Entitlements
Less Than 1 Year of Employment or Less Than 80% Attendance
- Accrual Rate: Employees are entitled to a minimum of 1 day of annual leave per month.
More Than 1 Year of Employment and At Least 80% Attendance
- Accrual Rate: Employees are entitled to a minimum of 15 days of annual leave per year.
- Additional Leave: For every additional two years of employment, employees receive 1 extra dayof leave per year.
- Example: After the 3rd year, employees receive 16 days/year; after the 6th year, 17 days/year.
- Maximum Limit: The maximum number of annual leave days is 25 days per year.
Accrual of Annual Leave
- First Year: Annual leave is pro-rated based on the number of months worked.
- From Second Year: Employees are entitled to the full number of annual leave days as specified.
These regulations ensure that employees are fairly compensated with time off in relation to their service duration and attendance.
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