Most Korean companies surveyed by the Korea Enterprises Federation plan to close for the Chuseok holiday, with four days the most common break. The federation surveyed 601 companies with at least five employees. Among respondents, 97 percent said they would close for the holiday period, and 76.5 percent of those companies expected a four-day break.
Longer breaks are less common: 14.2 percent said they planned to close for five days or more. The survey also found that 61 percent of companies expect to pay a Chuseok bonus, down 2 percentage points from last year. Among companies with at least 300 workers, 66.7 percent planned a bonus, compared with 60.3 percent among smaller firms.
The figures give employees a broad picture of how this yearโs holiday is being handled, but individual schedules and bonus policies still depend on each workplace. They also suggest that companies are maintaining time off more consistently than discretionary cash payments. With businesses still reporting weak economic conditions, the small decline in bonus participation is another sign that employers remain cautious about costs even during a major holiday period.