South Korea Minimum Hourly Wages  1989-2018 | Data | Chart | Calendar

Minimum Wages in South Korea increased by 16 percent to 7530 KRW/Hour in 2018 from 6470 KRW/Hour in 2017. Minimum Wages in South Korea averaged 2940.33 KRW/Hour from 1989 until 2018, reaching an all time high of 7530 KRW/Hour in 2018 and a record low of 600 KRW/Hour in 1989.

South Korea Minimum Hourly Wages
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.20 7.10 3.00 percent [+]
Employed Persons 26812.00 26721.00 26922.00 20268.00 Thousand [+]
Unemployed Persons 1122.00 1179.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.50 63.40 63.90 48.50 percent [+]
Labour Costs 127.70 105.00 149.40 91.30 Index Points [+]
Productivity 105.60 109.70 109.70 53.50 Index Points [+]
Wages 3457189.00 3917383.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3692181.00 4562783.00 4562783.00 2520139.00 KRW/Month [+]
Minimum Wages 7530.00 6470.00 7530.00 600.00 KRW/Hour [+]
Population 51.45 51.25 51.45 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 9.00 9.90 13.40 3.80 percent [+]
Employment Rate 61.20 60.90 61.60 56.10 percent [+]


South Korea Minimum Hourly Wages

In South Korea, minimum wage refers to the lowest gross wage per hour, regardless employment status or nationality. There are some exceptions to this rule: businesses that only employ family members or relatives living in the same residence; domestic service users; seamen who are governed by the seamen act and the ship owners who employ those seamen. This page provides - South Korea Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Minimum Hourly Wages - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7530.00 6470.00 7530.00 600.00 1989 - 2018 KRW/Hour Yearly




minimum wages by Country
Country Last
Argentina 10700.00 Oct/18
Australia 719.20 Jul/18
Brazil 954.00 Oct/18
Canada 14.00 Dec/18
China 2420.00 Apr/18
France 1498.47 Dec/18
Germany 8.84 Jan/18
Indonesia 3.60 Jan/18
Japan 848.00 Dec/18
Mexico 88.36 Sep/18
Netherlands 1594.20 Dec/18
Russia 11163.00 May/18
South Korea 7530.00 Dec/18
Spain 858.55 Dec/18
Turkey 2029.50 Jun/18
United Kingdom 7.83 Apr/18
United States 7.25 Dec/18


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