Economy
Source: OECD (via DBnomics). · updated 2024-12-31
Korea, Rep.'s minimum wages stands at 26,512 as of 2024-12-31, up from 26,467 in 2023. Historical data runs from 1990 to 2024 (35 observations).
In 2024, Korea, Rep.'s minimum wages was 26,512, up from 26,467 in 2023.
In 2023, Korea, Rep.'s minimum wages was 26,467, up from 26,108 in 2022.
In 2022, Korea, Rep.'s minimum wages was 26,108, down from 26,119 in 2021.
In 2021, Korea, Rep.'s minimum wages was 26,119, down from 26,373 in 2020.
In 2020, Korea, Rep.'s minimum wages was 26,373, up from 25,774 in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 26,512 | +44.76 |
| 2023 | 26,467 | +358.98 |
| 2022 | 26,108 | -10.85 |
| 2021 | 26,119 | -253.43 |
| 2020 | 26,373 | +599.09 |
| 2019 | 25,774 | +2,442 |
| 2018 | 23,332 | +2,989 |
| 2017 | 20,343 | +1,015 |
| 2016 | 19,328 | +1,269 |
| 2015 | 18,060 | +1,078 |
| 2014 | 16,981 | +938.84 |
| 2013 | 16,042 | +727.51 |
| 2012 | 15,315 | -647.22 |
| 2011 | 15,962 | +164.55 |
| 2010 | 15,798 | -29.1 |
| 2009 | 15,827 | +498.86 |
| 2008 | 15,328 | +517.76 |
| 2007 | 14,810 | +1,283 |
| 2006 | 13,527 | +469.99 |
| 2005 | 13,057 | +1,046 |
| 2004 | 12,011 | +835.11 |
| 2003 | 11,176 | +565.78 |
| 2002 | 10,610 | +793.02 |
| 2001 | 9,817 | +941.34 |
| 2000 | 8,876 | +543.14 |
| 1999 | 8,333 | +212.27 |
| 1998 | 8,120 | -202.25 |
| 1997 | 8,323 | +310.1 |
| 1996 | 8,012 | +318.42 |
| 1995 | 7,694 | +266.78 |
| 1994 | 7,427 | +302.61 |
| 1993 | 7,125 | +252.31 |
| 1992 | 6,872 | +143.89 |
| 1991 | 6,728 | +406.6 |
| 1990 | 6,322 | — |
Source: OECD (via DBnomics). · Download this series as CSV — free, attribution required (CC BY 4.0).
Korea, Rep.'s minimum wages is 26,512 as of 2024-12-31, compared with 26,467 in 2023. Source: OECD (via DBnomics).
The highest recorded value is 26,512 (2024); the lowest is 6,322 (1990), across data from 1990 to 2024.
Source: OECD (via DBnomics). Figures are republished with attribution and updated as the source releases new observations.