Companies paying Lunar New Year's bonus in South Korea 2021-2023

Published by L. Yoon, Jul 1, 2024
According to a survey conducted in South Korea in 2023, around 67 percent of the companies surveyed stated that they planned to pay their employees a Lunar New Year's bonus. This represents a decrease of 1.9 percent compared to the previous year.

Share of companies that plan to pay a bonus to their employees for Lunar New Year in South Korea from 2021 to 2023

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Release date

January 2023

Region

South Korea

Survey time period

2021 to 2023

Number of respondents

768 companies*

Method of interview

Questionnaire

Supplementary notes

* Companies with five or more employees.

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