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, December, 2019:
For that indicator, Minimum Wage Commission of the Republic of Korea provides data for South Korea from 1988 to Q4 2019. The average value for South Korea during that period was 554580.73 currency units with a minimum of 115000 currency units in January 1988 and a maximum of 1402800 currency units in January 2019.
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* indicates monthly or quarterly data series
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 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.
