South Korea: Minimum wage
(measure: currency units, source: Minimum Wage Commission of the Republic of Korea)
* indicates monthly or quarterly data series
Minimum wage in South Korea
, January 1988 - September 2021: For that indicator, we provide data for South Korea from January 1988 to September 2021. The average value for South Korea during that period was 599000.3 currency units with a minimum of 115000 currency units in January 1988 and a maximum of 1464960 currency units in February 2021. Click on the following link to see the values of Minimum wage around the world.
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* indicates monthly or quarterly data series
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Measure: currency units
Source: Minimum Wage Commission of the Republic of Korea
Source: Minimum Wage Commission of the Republic of Korea
Definition: Minimum wage is the minimum amount of monthly remuneration that an employer is required to pay wage earners for the work performed during a given month, which cannot be reduced by collective agreement or an individual contract.