South Korea Minimum Wage: Hourly
1989 - 2025 | Monthly | KRW | Ministry of Labour
South Korea Minimum Wage: Hourly data was reported at 10,030.000 KRW in Dec 2025. This stayed constant from the previous number of 10,030.000 KRW for Nov 2025. South Korea Minimum Wage: Hourly data is updated monthly, averaging 3,480.000 KRW from Jan 1989 (Median) to Dec 2025, with 444 observations. The data reached an all-time high of 10,030.000 KRW in Dec 2025 and a record low of 600.000 KRW in Dec 1989. South Korea Minimum Wage: Hourly data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G072: Minimum Wage.
View South Korea's South Korea Minimum Wage: Hourly from Jan 1989 to Dec 2025 in the chart:
What was South Korea's South Korea Minimum Wage: Hourly in Dec 2025?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 10,030.000 Dec 2025 | 10,030.000 Nov 2025 | 600.000 Dec 1989 | 10,030.000 Dec 2025 | KRW | monthly | Jan 1989 - Dec 2025 |
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| National Accounts | Last | Frequency | Range |
|---|---|---|---|
| Forecast: GDP PPP Per Capita (PPP Intl $) | 70,250.328 2028 | yearly | 1980 - 2028 |
| Forecast: Nominal GDP Per Capita (USD) | 41,380.693 2028 | yearly | 1980 - 2028 |
| Forecast: Real GDP Growth (%) | 2.340 2027 | yearly | 1980 - 2027 |
| GDP Deflator Growth (%) | 1.4 Mar 2023 | quarterly | Mar 1961 - Mar 2023 |
| GDP per Capita (USD) | 35,569.900 2023 | yearly | 1953 - 2023 |
| Gross Fixed Capital Formation (USD mn) | 142,352.154 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Gross National Product (GNP) (USD mn) | 464,471.165 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Gross Savings Rate (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Investment: % of GDP (%) | 30.7 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Nominal GDP (USD mn) | 429,247.3 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Nominal GDP Growth (%) | 7.226 Jun 2024 | quarterly | Mar 1961 - Jun 2024 |
| Private Consumption Expenditure (USD mn) | 224,283.704 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Private Consumption: % of GDP (%) | 47.6 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Public Consumption Expenditure (USD mn) | 80,114.680 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Public Consumption: % of GDP (%) | 17.7 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Real GDP Growth (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Total Trade of Goods & Services: % of Nominal GDP (%) | 85.828 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Production | Last | Frequency | Range |
|---|---|---|---|
| Gold Production (kg) | 128.000 2022 | yearly | 1990 - 2022 |
| Industrial Production Index Growth (%) | 0.4 Sep 2024 | monthly | Jan 1958 - Sep 2024 |
| Minerals Production (Metric Ton) | 5,520,318.000 2022 | yearly | 2009 - 2022 |
| Motor Vehicle Production (Unit) | 4,243,597.000 2023 | yearly | 1997 - 2023 |
| Silver Production (Metric Ton) | 5.800 2021 | yearly | 1986 - 2021 |
| Construction and Properties | Last | Frequency | Range |
|---|---|---|---|
| Building Permits (Unit) | 9,223.000 Sep 2024 | monthly | Oct 1979 - Sep 2024 |
| House Prices Growth (%) | -0.2 Oct 2024 | monthly | Jan 1987 - Oct 2024 |
| Nominal Residential Property Price Index (2010=100) | 142.242 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| Nominal Residential Property Price Index Growth (%) | -0.959 Jun 2024 | quarterly | Mar 1976 - Jun 2024 |
| Real Residential Property Price Index (2010=100) | 107.786 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| Real Residential Property Price Index Growth (%) | -3.534 Jun 2024 | quarterly | Mar 1976 - Jun 2024 |
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.3 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
| Forecast: Government Expenditure (KRW bn) | 700,035.486 2029 | yearly | 1995 - 2029 |
| Forecast: Government Net Debt (KRW bn) | 1,793,717.560 2029 | yearly | 1990 - 2029 |
| Forecast: Government Revenue (KRW bn) | 701,179.384 2029 | yearly | 1995 - 2029 |
| Government Debt: % of GDP (%) | 46.1 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| National Government Debt (USD mn) | 832,443.4 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| Tax Revenue (USD mn) | 17,359.304 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | 1,471.760 Aug 2024 | monthly | Jul 1999 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 13.2 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Demographic and Labour Market | Last | Frequency | Range |
|---|---|---|---|
| Employed Persons (Person) | 28,616,000.000 Sep 2024 | monthly | Jan 1983 - Sep 2024 |
| Forecast: Employment (Person mn) | 28.727 2024 | yearly | 1980 - 2024 |
| Forecast: Population (Person mn) | 51.305 2028 | yearly | 1980 - 2028 |
| Forecast: Unemployment Rate (%) | 3.000 2029 | yearly | 1980 - 2029 |
| Labour Force Participation Rate (%) | 64.6 Sep 2024 | monthly | Jun 1999 - Sep 2024 |
| Labour Productivity Growth (%) | 0.98 Sep 2024 | quarterly | Sep 1983 - Sep 2024 |
| Monthly Earnings (USD) | 2,864 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| Population (Person mn) | 51.7 2023 | yearly | 1956 - 2023 |
| Unemployment Rate (%) | 2.50 Sep 2024 | monthly | Jun 1999 - Sep 2024 |
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