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 3.40 3.60 7.10 2.90 percent [+]
Employed Persons 26550.00 26399.00 26603.00 20275.00 Thousand [+]
Unemployed Persons 942.00 974.00 1564.00 684.00 Thousand [+]
Labor Force Participation Rate 62.10 63.00 63.50 48.50 percent [+]
Labour Costs 138.70 123.30 149.70 91.30 Index Points [+]
Productivity 96.30 96.40 104.20 53.50 Index Points [+]
Wages 3465763.00 3220531.00 3534203.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3727377.00 3435462.00 3988066.00 2520139.00 KRW/Month [+]
Minimum Wages 6470.00 6030.00 6470.00 600.00 KRW/Hour [+]
Population 50.60 50.42 50.60 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 8.40 8.20 13.40 3.80 percent [+]
Employment Rate 96.80 96.90 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 January of 2017.

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



Last
Albania 22000.00 Sep/16
Angola 15003.00 Dec/15
Argentina 8060.00 Jan/17
Armenia 55000.00 Jul/17
Australia 672.70 Dec/16
Azerbaijan 105.00 Dec/15
Belarus 2300000.00 Jan/16
Belgium 1531.93 Dec/16
Bolivia 1805.00 Dec/16
Brazil 880.00 Dec/16
Bulgaria 214.75 Dec/16
Cambodia 153.00 Jan/17
Canada 11.25 Dec/15
Chile 250000.00 Jan/16
China 2190.00 Jan/17
Costa Rica 4912.08 Dec/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 8.84 Jan/17
Greece 683.76 Dec/16
Hong Kong 34.50 May/17
Hungary 350.09 Dec/16
Indonesia 3.35 Jan/17
Ireland 1546.35 Dec/16
Israel 4650.00 Apr/15
Japan 823.00 Dec/17
Kazakhstan 24459.00 Jan/17
Kyrgyzstan 1140.00 Dec/17
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 80.04 Jan/17
Montenegro 288.05 Dec/16
Mozambique 3298.00 Apr/16
Myanmar 3600.00 Dec/16
Netherlands 1537.20 Dec/16
New Zealand 15.25 Apr/16
Papua New Guinea 140.00 Dec/16
Paraguay 1964.51 Dec/16
Peru 850.00 Dec/16
Poland 417.02 Dec/16
Portugal 649.83 Jan/17
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 6470.00 Jan/17
Spain 764.40 Dec/16
Taiwan 21009.00 Dec/17
Thailand 300.00 Dec/16
Turkey 1777.50 Jan/17
United Kingdom 7.20 Apr/16
United States 7.25 Dec/15
Venezuela 104358.00 Jan/17
Vietnam 3750.00 Jan/17