Minimum Wage – South Korea

The current minimum wage in South Korea is ₩9,860 per hour in 2024. It became valid on January 1, 2024.
  • Valid on march 2024
  • The amounts are in Korean Won.
  • The amounts are before tax.

Per Hour Per month
National Minimum Wage
Minimum wage with effect from January 1, 2024 Minimum Wages - last checked - 1/1/24
₩9,860 ₩2,060,740

Definitions

Wages per month are calculated as 4.33 times if a weekly wage is defined. It is calculated as 4.33 times the standard hours per week if an hourly wage is given.

More information is available at

Minimum Wages - South Korea - Archive

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