South Korean lawmakers receive 4.3966 million won Chuseok allowance

  • South Korean lawmakers receive 4,396,560 won each as a Chuseok holiday allowance.
  • 4,396,560 won equals 60% of lawmakers' 7,276,000 won monthly base pay.
  • 61.0% of 601 surveyed companies plan Chuseok bonuses, down 2 percentage points from last year.

South Korean lawmakers are receiving 4,396,560 Korean won each as a Chuseok holiday allowance this year, according to compensation guidelines released by the National Assembly Secretariat on the 26th. The payment equals 60% of a lawmaker's monthly base pay of 7,276,000 won and is paid twice yearly, during Chuseok and Lunar New Year, for an annual total of about 8.8 million won. Lawmakers' annual salary is about 160.93 million won, up 4.03 million won from a year earlier, lifting annual holiday allowances by about 300,000 won. A single payment is about 650,000 won above the 3.75 million won average monthly income for wage earners in December 2024, as reported by the Ministry of Data and Statistics. Separately, 61.0% of 601 companies surveyed by the Korea Enterprises Federation said they planned to pay Chuseok bonuses, down 2 percentage points from last year. People Power Party lawmaker Kim Mi-ae donated her full Chuseok allowance through the Community Chest of Korea to a crisis pregnancy support center, facilities for single mothers and childcare centers for children with disabilities, following a similar Lunar New Year donation.

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