The current minimum wage in South Korea is ₩9,860 per hour in 2024. It became valid on January 1, 2024.
- Valid on july 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.