South Korea Minimum Hourly Wages  1989-2017 | Data | Chart | Calendar

Minimum Wages in South Korea increased to 6470 KRW/Hour in 2017 from 6030 KRW/Hour in 2016. Minimum Wages in South Korea averaged 2782.07 KRW/Hour from 1989 until 2017, reaching an all time high of 6470 KRW/Hour in 2017 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 3.70 3.60 7.10 2.90 percent [+]
Employed Persons 26629.00 26593.00 26629.00 20275.00 Thousand [+]
Unemployed Persons 1011.00 997.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.20 63.30 63.80 48.50 percent [+]
Labour Costs 129.60 148.10 149.40 91.30 Index Points [+]
Productivity 98.50 97.60 104.20 53.50 Index Points [+]
Wages 3575612.00 3332086.00 3623535.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3874983.00 3589196.00 4051306.00 2520139.00 KRW/Month [+]
Minimum Wages 6470.00 6030.00 6470.00 600.00 KRW/Hour [+]
Population 50.80 50.60 50.80 25.00 Million [+]
Retirement Age Women 60.00 55.00 60.00 55.00 [+]
Retirement Age Men 60.00 55.00 60.00 55.00 [+]
Youth Unemployment Rate 9.40 8.70 13.40 3.80 percent [+]
Employment Rate 61.30 61.10 61.50 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6470.00 6030.00 6470.00 600.00 1989 - 2017 KRW/Hour Yearly




minimum wages by Country
Country Last
Australia 694.90 Jul/17
Brazil 937.00 Dec/17
Canada 11.40 Jan/17
China 2300.00 Apr/17
France 1480.27 Jun/17
Germany 8.84 Jan/17
Indonesia 3.35 Jan/17
Japan 823.00 Dec/17
Mexico 80.04 Nov/17
Netherlands 1551.60 Jun/17
Russia 7500.00 Jan/17
South Korea 6470.00 Jan/17
Spain 825.65 Jun/17
Turkey 1777.50 Jan/17
United Kingdom 7.50 Apr/17
United States 7.25 Dec/17