Minimum wage (hourly)

As of 2027

10,700KRW

vs prev. year +380 (3.68%)

As of 2027 · Minimum Wage Commission · Ministry of Employment and Labor · Set by Aug 5 each year · applies from Jan 1

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History

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PeriodValue (KRW)

202710,700+380

Change: +380KRW (3.68%) · vs 2026
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

202610,320+290

Change: +290KRW (2.89%) · vs 2025
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

202510,030+170

Change: +170KRW (1.72%) · vs 2024
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20249,860+240

Change: +240KRW (2.49%) · vs 2023
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20239,620+460

Change: +460KRW (5.02%) · vs 2022
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20229,160+440

Change: +440KRW (5.05%) · vs 2021
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20218,720+130

Change: +130KRW (1.51%) · vs 2020
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20208,590+240

Change: +240KRW (2.87%) · vs 2019
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20198,350+820

Change: +820KRW (10.89%) · vs 2018
Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM

20187,530

Source: Minimum Wage Commission · Ministry of Employment and Labor
Fetched: 10/19/2026, 1:50:04 PM