Minimum wage in South Korea, January 1988 - March 2022:
For that indicator, we provide data for South Korea from January 1988 to March 2022. The average value for South Korea during that period was 612213.76 currency units with a minimum of 115000 currency units in January 1988 and a maximum of 1538880 currency units in January 2022.
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Measure: currency units
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.