Minimum wage in South Korea, January 1988 - March 2021
For that indicator, we provide data for South Korea from January 1988 to March 2021. The average value for South Korea during that period was 585945.63 currency units with a minimum of 115000 currency units in January 1988 and a maximum of 1464960 currency units in February 2021.
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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.