Minimum Wages in South Korea increased to 9160 KRW/Hour in 2022 from 8720 KRW/Hour in 2021. source: Minimum Wage Council
Minimum Wages in South Korea averaged 3618.53 KRW/Hour from 1989 until 2022, reaching an all time high of 9160 KRW/Hour in 2022 and a record low of 600 KRW/Hour in 1989. This page provides - South Korea Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Minimum Hourly Wages - values, historical data and charts - was last updated on November of 2022.
Minimum Wages in South Korea is expected to reach 9160.00 KRW/Hour by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Minimum Hourly Wages is projected to trend around 9500.00 KRW/Hour in 2023 and 9900.00 KRW/Hour in 2024, according to our econometric models.