Gwangyang CCI: 74.4% of Local Companies to Close for Four Days During Chuseok Holiday

69.8% of Companies to Provide Bonuses, Mostly as Fixed Amounts

39.5% of Businesses Report "Worsened Financial Situation Compared to Last Year"

According to the results of the "2026 Chuseok Holiday Leave and Bonus Payment Plan Survey" conducted by the Gwangyang Chamber of Commerce and Industry over three days from September 9 to 11 among local companies, 74.4% of businesses plan to observe time off during the Chuseok holiday period, with the leave period expected to last four days (including weekends).

Looking at the Chuseok holiday leave plans, 74.4% of companies responded that they would provide leave, while 23.3% said they would not, and 2.3% answered that it was undecided. Among the companies not providing leave, the most common reason was "shift work" at 90.9%, followed by "other reasons (standby for unexpected work)" at 9.1%.

Gwangyang Chamber of Commerce and Industry.

Additionally, 69.8% of companies responded that they plan to pay Chuseok holiday bonuses. As for payment forms, 63.3% will pay a "fixed amount," and 36.7% will provide a "regular bonus." For regular bonuses, 72.7% of the companies will pay "0–50% of the base salary," while 27.3% will pay "51–100% of the base salary." Among companies providing a fixed amount, the average payment per employee is approximately 790,000 won. By payment range, 57.9% will pay "more than 500,000 won and up to 1 million won," 36.8% will pay "up to 500,000 won," and 5.3% will pay "more than 1 million won and up to 2 million won."

Among the companies not paying bonuses (30.2%), the most common reason was "implementation of an annual salary system" at 64.3%, followed by "providing separate gifts" at 21.4%, and "economic difficulties" at 14.3%.

Meanwhile, regarding the financial situation of companies ahead of Chuseok, the most common response was that it is "similar to the previous year" at 55.8%, followed by "worsened compared to the previous year" at 39.5%, and "improved" at 4.7%.

This content was produced with the assistance of AI translation services.