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
Receive the next reported value for South Korea Minimum Hourly Wages in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website



South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 3.70 7.10 2.90 percent [+]
Employed Persons 26511.00 26622.00 26622.00 20275.00 Thousand [+]
Unemployed Persons 1098.00 1023.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.50 62.80 63.50 48.50 percent [+]
Labour Costs 134.10 138.10 149.40 91.30 Index Points [+]
Productivity 98.10 96.60 104.20 53.50 Index Points [+]
Wages 3480465.00 3465763.00 3534203.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3870051.00 3727377.00 3988066.00 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 11.30 11.30 13.40 3.80 percent [+]
Employment Rate 60.20 59.10 61.20 56.10 percent [+]


South Korea Minimum Hourly Wages Notes

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 May 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

Last
Australia 672.70 Jan/17
Brazil 937.00 May/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 Mar/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