Payment of Wages (Article 43 of the Labor Standards Act)

1) Wages shall be paid at least once per month on a fixed day. Payment of wages shall be directly made in full to worker in cash; however, if otherwise stipulated by special provisions of laws or decrees or a collective agreement, wages may partially be deducted or may be paid by other than cash.
2) However, this shall not apply to extraordinary wages, allowances, or any other similar payment or those wages provided for period exceeding one month according to attendance rate.
3) The term "wages" in this Act means wages, salaries and any other money and valuable goods an employer pays to a worker for his/her work, regardless of how such payments are termed.


*Labor Standards Act

Article 43 (Payment of Wages)(1) Payment of wages shall be directly made in full to workers in currency: Provided, That if otherwise prescribed by statutes or by a collective agreement, wages may partially be deducted or may be paid by means other than currency.
(2) Wages shall be paid at least once per month on a fixed day: Provided, That this shall not apply to extraordinary wages, allowances, or other similar payments, or those wages prescribed by Presidential Decree.