Wage statement requirements
7/21/2026
Under Article 48, Paragraph 2 of the Labor Standards Act, the general rule is that employers must issue a wage statement to employees on the regular payday. If an employee leaves the company before the regular payday, the employer must issue the wage statement together with the final wage payment made after resignation.
Wage statements may be issued not only in paper form, but also as electronic documents (email, text message, KakaoTalk, etc.).
A wage statement must include the following items:
1. Information that can identify the employee, such as name, date of birth, and employee ID number
2. Wage payment date
3. Total wage amount
4. All items comprising the wage — including base pay, allowances, bonuses, and performance pay — along with the exact amount for each, without omission
5. Calculation method for each wage component that varies based on attendance days, working hours, etc. (including hours worked for overtime, night work, or holiday work, where applicable)
6. Deduction details, including the amount for each deduction item and the total deducted amount
An employer who fails to issue a wage statement, omits any required item, or issues a statement containing false information is subject to an administrative fine of up to Won 5,000,000.
Issuing wage statements allows employees to verify the details of their wages and helps prevent labor disputes between employers and employees.
Wage statements may be issued not only in paper form, but also as electronic documents (email, text message, KakaoTalk, etc.).
A wage statement must include the following items:
1. Information that can identify the employee, such as name, date of birth, and employee ID number
2. Wage payment date
3. Total wage amount
4. All items comprising the wage — including base pay, allowances, bonuses, and performance pay — along with the exact amount for each, without omission
5. Calculation method for each wage component that varies based on attendance days, working hours, etc. (including hours worked for overtime, night work, or holiday work, where applicable)
6. Deduction details, including the amount for each deduction item and the total deducted amount
An employer who fails to issue a wage statement, omits any required item, or issues a statement containing false information is subject to an administrative fine of up to Won 5,000,000.
Issuing wage statements allows employees to verify the details of their wages and helps prevent labor disputes between employers and employees.