Key data points
Last release
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Next release
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Time to release
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Forecast
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Observation period
2024
Highest
9.62 KKRW / HOURDec 31, 2023
Lowest
600.00KRW / HOURDec 31, 1989
About South Korea minimum wage
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.