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, July, 2019: For that indicator, Minimum Wage Commission of the Republic of Korea provides data for South Korea from 1988 to 2019. The average value for South Korea during that period was 543390.5 currency units with a minumum of 115000 currency units in January 1988 and a maximum of 1402800 currency units in January 2019. 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.