Minimum wage (monthly equivalent, KRW)

OECDPeriod 2016~2025Retrieved 2026-11-09

The statutory minimum wage converted to a monthly amount.

2016: 1,260,270 KRW → 2025: 2,096,270 KRW (up 66.3%). Highest: 2025 (2,096,270 KRW).

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Minimum wage (monthly equivalent, KRW) · 2016~2025 (unit: KRW)
YearMinimum wage (monthly equivalent, KRW)
20161260270
20171352230
20181573770
20191745150
20201795310
20211822480
20221914440
20232010580
20242060740
20252096270

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Reference (APA 7th)

OECD. (2026). Minimum wages at current prices in national currency: Korea [Data set]. OECD Data Explorer. Retrieved November 9, 2026, from https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_EARNINGS%40MW_CURP&df[ag]=OECD.ELS.SAE

Source https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_EARNINGS%40MW_CURP&df[ag]=OECD.ELS.SAE

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