South Korea Minimum Hourly Wages  1989-2016 | Data | Chart | Calendar

Minimum Wages in South Korea increased to 6030 KRW/Hour in 2016 from 5580 KRW/Hour in 2015. Minimum Wages in South Korea averaged 2650.36 KRW/Hour from 1989 until 2016, reaching an all time high of 6030.00 KRW/Hour in 2016 and a record low of 600.00 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 3.70 4.00 7.10 2.90 percent [+]
Employed Persons 26316.00 26293.00 26603.00 20275.00 Thousand [+]
Unemployed Persons 1021.00 1094.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 63.20 63.30 63.50 48.50 percent [+]
Labour Costs 123.30 148.10 148.10 91.30 Index Points [+]
Productivity 96.40 97.60 104.20 53.50 Index Points [+]
Wages 3220531.00 3534203.00 3534203.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3435462.00 3988066.00 3988066.00 2520139.00 KRW/Month [+]
Minimum Wages 6030.00 5580.00 6030.00 600.00 KRW/Hour [+]
Population 50.60 50.42 50.60 25.00 Million [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Retirement Age Men 55.00 55.00 55.00 55.00 [+]
Youth Unemployment Rate 8.50 9.50 13.40 3.80 percent [+]
Employment Rate 96.60 96.40 97.30 91.20 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
6030.00 5580.00 6030.00 600.00 1989 - 2016 KRW/Hour Yearly



Last
Albania 22000.00 Jun/16
Angola 15003.00 Dec/15
Argentina 7560.00 Nov/16
Armenia 55000.00 Jul/16
Australia 656.90 Dec/15
Azerbaijan 131.00 Dec/15
Belarus 2300000.00 Jan/16
Belgium 1531.93 Dec/16
Bolivia 1805.00 Dec/16
Brazil 880.00 Oct/16
Bulgaria 214.75 Dec/16
Cambodia 140.00 Jan/16
Canada 11.25 Dec/15
Chile 250000.00 Jan/16
China 2020.00 Dec/15
Costa Rica 4912.08 Oct/16
Croatia 414.45 Dec/16
Czech Republic 364.90 Dec/16
Egypt 1200.00 Jan/16
Estonia 430.00 Dec/16
France 1466.62 Dec/16
Germany 8.50 Dec/15
Greece 683.76 Dec/16
Hong Kong 32.50 May/15
Hungary 350.09 Dec/16
Indonesia 3.10 Jan/16
Ireland 1546.35 Dec/16
Israel 4650.00 Apr/15
Japan 780.00 Dec/15
Kazakhstan 22859.00 Jan/16
Kyrgyzstan 940.00 Dec/15
Latvia 370.00 Dec/16
Lithuania 380.00 Dec/16
Luxembourg 1922.96 Dec/16
Macedonia 232.28 Dec/16
Malaysia 1000.00 Jul/16
Malta 728.04 Dec/16
Mexico 73.04 Oct/16
Montenegro 288.05 Dec/16
Mozambique 3298.00 Apr/16
Myanmar 3600.00 Dec/16
Netherlands 1537.20 Dec/16
New Zealand 14.75 Dec/15
Papua New Guinea 128.00 Mar/16
Paraguay 1824.06 Oct/16
Peru 850.00 Oct/16
Poland 417.02 Dec/16
Portugal 618.33 Jun/16
Romania 276.34 Dec/16
Russia 7500.00 Jul/16
Serbia 233.37 Dec/16
Slovakia 405.00 Dec/16
Slovenia 790.73 Dec/16
South Korea 6030.00 Jan/16
Spain 764.40 Dec/16
Taiwan 20008.00 Dec/15
Thailand 300.00 Dec/15
Turkey 1647.00 Jun/16
United Kingdom 7.20 Apr/16
United States 7.25 Dec/15
Venezuela 90812.10 Oct/16
Vietnam 3500.00 Jan/16