Minimum wage in South Korea, June, 2020
For that indicator, we provide data for South Korea from January 1988 to June 2020. The average value for South Korea during that period was 567940.41 currency units with a minimum of 115000 currency units in January 1988 and a maximum of 1443120 currency units in January 2020.
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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.