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, April, 2020: For that indicator, we provide data for South Korea from January 1988 to April 2020. The average value for South Korea during that period was 563740.93 currency units with a minimum of 115000 currency units in January 1988 and a maximum of 1443120 currency units in January 2020. Click on the following link to see the values of Minimum wage around the world.
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Measure: currency units
Source: Minimum Wage Commission of the Republic of Korea

Definition: Minimum wage is the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract. 
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