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.

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South Korea South Korea Minimum Wage: Hourly

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

Related Indicators for South Korea Minimum Wage: Hourly

Related indicators	Last	Frequency	Range
South Korea Minimum Wage: Hourly (KRW)	10,030.000 Dec 2025	monthly	Jan 1989 - Dec 2025
South Korea Minimum Wage: Daily (KRW)	80,240.000 Dec 2025	monthly	Jan 1989 - Dec 2025
South Korea Minimum Wage: Monthly (KRW)	2,096,270.000 Dec 2025	monthly	Jan 2016 - Dec 2025

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South Korea Key Series

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)	144,555.025 Sep 2024	quarterly	Mar 1960 - Sep 2024
Gross National Product (GNP) (USD mn)	481,993.753 Sep 2024	quarterly	Mar 1960 - Sep 2024
Gross Savings Rate (%)	34.0 Dec 2022	quarterly	Mar 1970 - Dec 2022
Investment: % of GDP (%)	31.1 Sep 2024	quarterly	Mar 1960 - Sep 2024
Nominal GDP (USD mn)	429,247.3 Mar 2023	quarterly	Mar 1960 - Mar 2023
Nominal GDP Growth (%)	4.972 Sep 2024	quarterly	Mar 1961 - Sep 2024
Private Consumption Expenditure (USD mn)	229,149.163 Sep 2024	quarterly	Mar 1960 - Sep 2024
Private Consumption: % of GDP (%)	48.5 Sep 2024	quarterly	Mar 1960 - Sep 2024
Public Consumption Expenditure (USD mn)	81,267.571 Sep 2024	quarterly	Mar 1960 - Sep 2024
Public Consumption: % of GDP (%)	16.6 Sep 2024	quarterly	Mar 1960 - Sep 2024
Real GDP Growth (%)	1.3 Dec 2022	quarterly	Mar 1961 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%)	85.433 Sep 2024	quarterly	Mar 1960 - Sep 2024

Production	Last	Frequency	Range
Gold Production (kg)	128.000 2022	yearly	1990 - 2022
Industrial Production Index Growth (%)	2.0 Oct 2024	monthly	Jan 1958 - Oct 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)	10,836.000 Oct 2024	monthly	Oct 1979 - Oct 2024
House Prices Growth (%)	-0.2 Nov 2024	monthly	Jan 1987 - Nov 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 Sep 2024	quarterly	Jun 2000 - Sep 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)	873,499.9 Sep 2024	quarterly	Sep 2002 - Sep 2024
Tax Revenue (USD mn)	28,112.793 Oct 2024	monthly	Jan 2000 - Oct 2024
Consolidated Fiscal Balance (USD mn)	-1,904.263 Sep 2024	monthly	Jul 1999 - Sep 2024
Tax Revenue: % of GDP (%)	13.5 Sep 2024	quarterly	Mar 2000 - Sep 2024

Demographic and Labour Market	Last	Frequency	Range
Employed Persons (Person)	28,597,000.000 Oct 2024	monthly	Jan 1983 - Oct 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 (%)	64.7 Oct 2024	monthly	Jun 1999 - Oct 2024
Labour Productivity Growth (%)	0.94 Sep 2024	quarterly	Sep 1983 - Sep 2024
Monthly Earnings (USD)	3,232 Sep 2024	monthly	Jan 2008 - Sep 2024
Population (Person mn)	51.7 2023	yearly	1956 - 2023
Unemployment Rate (%)	2.70 Oct 2024	monthly	Jun 1999 - Oct 2024

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Indicators	Last	Frequency	Range
Korea IPI: sa: Mfg: Wood and Products of Wood and Cork (WP) (2000=100)	114.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: WP: Wood Sawmilling and Planning (2000=100)	126.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: WP: Wood, Cork, Straw and Plaiting Materials Product (2000=100)	108.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: PP: Manufacture of Pulp, Paper and Paperboard (2000=100)	109.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: PP: Manufacture of Articles of Paper and Paperboard (2000=100)	121.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Publishing, Printing & Reproduction of Record Media (2000=100)	105.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: PR: Publishing (2000=100)	112.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: PR: Commercial Printing (2000=100)	93.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: PR: Reproduction of Recorded Media (2000=100)	77.20 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: sa: Mfg: Coke, Refined Petroleum Products (CR) (2000=100)	96.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: CR: Coke and Related Products (2000=100)	99.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: CR: Refined Petroleum Products (2000=100)	96.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Chemicals and Chemical Products (CC) (2000=100)	138.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: CC: Basic Chemicals (2000=100)	137.40 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: CC: Pharmaceuticals and Medical Chemicals (2000=100)	173.50 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: CC: Other Chemical Products (2000=100)	136.00 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: CC: Man-made Fibers (2000=100)	69.40 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Rubber and Plastic Products (RP) (2000=100)	127.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: RP: Rubber Products (2000=100)	121.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: RP: Plastic Products (2000=100)	129.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Non Metallic Mineral Products (NM) (2000=100)	103.50 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: NM: Glass and Glass Products (2000=100)	92.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: NM: Ceramic Ware (2000=100)	84.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: NM: Cement, Lime and Plaster (2000=100)	119.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: NM: Non Metallic Mineral Products n.e.c. (2000=100)	87.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Basic Metals (2000=100)	128.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Basic Metals: Basic Iron and Steel (2000=100)	128.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Basic Metals: Basic Precious and Non-ferrous Metal (2000=100)	121.00 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Basic Metals: Metal Castings (2000=100)	148.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Fabricated Metal Products (FM) (2000=100)	111.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: FM: Structural Metal Pdts, Tanks, Reserviors & Steam G (2000=100)	121.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: FM: Other Fabricated Metal Products (2000=100)	105.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Machinery and Equipment nec (2000=100)	144.80 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Machinery & Eq: General Purpose Machinery (2000=100)	151.50 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Machinery & Eq: Machine Tools (2000=100)	151.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Machinery & Eq: Special Purpose Machinery (2000=100)	161.50 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Machinery & Eq: Domestic Appliances n.e.c. (2000=100)	80.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Office Accounting and Computing Machinery (2000=100)	80.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Electrical Machinery and Apparatus nec (EM) (2000=100)	151.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: EM: Electric Motors, Generators and Transformers (2000=100)	101.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: EM: Electricity Distribution and Control Apparatus (2000=100)	169.00 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: EM: Insulated Wire and Cable (2000=100)	84.80 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: EM: Accumulators, Primary Cells and Primary Batter (2000=100)	743.40 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: EM: Electric Lamps and Lighting Equipment (2000=100)	72.60 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: EM: Electrical Equipment n.e.c. (2000=100)	129.70 Dec 2007	monthly	Jan 1985 - Dec 2007
Korea IPI: sa: Mfg: Radio, Television and Communication Equipment (RT) (2000=100)	419.40 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: RT: Electronic Valves, Tubes & Other Electronic Co (2000=100)	556.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: RT: TV, Radio Transmitter, Line Telephony & Telegraph (2000=100)	196.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: RT: TV & Radio Receivers, Sound or Video Recording (2000=100)	166.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Medical Precision and Optical Instrument, Watches (MO) (2000=100)	88.40 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: MO: Medical Appliances, Measuring, Checking, Testing (2000=100)	90.10 Dec 2007	monthly	Jan 1985 - Dec 2007
Korea IPI: sa: Mfg: MO: Measuring Instruments and Appliances (2000=100)	95.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: MO: Optical Instruments and Photographic Equipment (2000=100)	91.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: MO: Watches, Clocks and Parts (2000=100)	22.60 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Motor Vehicles and Trailers (MV) (2000=100)	155.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: MV: Motor Vehicles and Motor Vehicles Engines (2000=100)	147.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: MV: Motor Vehicle and Engine Parts and Accessories (2000=100)	167.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Other Transport Equipment (OT) (2000=100)	212.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: OT: Ship and Boat Building (2000=100)	239.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: OT: Railway & Tramway Locomotives & Rolling Stock (2000=100)	100.80 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: OT: Aircraft Parts (2000=100)	143.90 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: sa: Mfg: OT: Transport Equipment n.e.c. (2000=100)	18.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Furniture and Manufacturing nec (2000=100)	73.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Furniture and Mfg: Furniture (2000=100)	103.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Furniture and Mfg: Manufactures n.e.c. (2000=100)	43.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea Industrial Production Index: sa: Electricity and Gas (EG) (2000=100)	159.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: EG: Electricity Production, Collection and Distribution (2000=100)	160.40 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: EG: Gas Manufacturing and Distribution (2000=100)	150.40 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: sa: Heavy & Chemical Industry (2000=100)	195.40 Dec 2007	monthly	Nov 1984 - Dec 2007
Korea IPI: sa: Light Industry (2000=100)	95.50 Dec 2007	monthly	Nov 1984 - Dec 2007
Korea IPI: Mfg: Capital Goods (2000=100)	142.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: Mfg: Capital Goods: Manufacturing and Equipment (2000=100)	142.00 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Electricity (2000=100)	150.00 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Communication (2000=100)	130.60 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Transportation Equipment (2000=100)	190.90 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Agriculture (2000=100)	87.10 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Construction (2000=100)	244.70 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Official (2000=100)	88.80 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Capital Goods: Others (2000=100)	137.50 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Intermediate Goods (2000=100)	204.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: Mfg: Intermediate Goods: Manufacture (2000=100)	225.40 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Intermediate Goods: Construction (2000=100)	122.90 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: Mfg: Intermediate Goods: Fuel and Electricity (2000=100)	114.00 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Intermediate Goods: Others (2000=100)	113.80 Dec 2007	monthly	Jan 1990 - Dec 2007
Korea IPI: Mfg: Consumer Goods (2000=100)	123.20 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: Mfg: Consumer Goods: Durable (2000=100)	147.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: Mfg: Consumer Goods: Non Durable (2000=100)	107.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Capital Goods (2000=100)	135.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Intermediate Goods (2000=100)	201.80 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Intermediate Goods: Construction (2000=100)	120.60 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Consumer Goods (2000=100)	124.60 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Consumer Goods: Durable (2000=100)	152.00 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea IPI: sa: Mfg: Consumer Goods: Non Durable (2000=100)	105.70 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea Manufacturing Operation Ratio Index (MORI) (2000=100)	102.50 Dec 2007	monthly	Jan 1971 - Dec 2007
Korea MORI: Mfg: Food Products and Beverages (FB) (2000=100)	96.50 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea MORI: Mfg: FB: Processed and Preserved Products of Meat, Fish, Fruit (2000=100)	114.50 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea MORI: Mfg: FB: Dairy Products (2000=100)	74.30 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea MORI: Mfg: FB: Grain Mill, Starches & Prepared Animal Feeds Product (2000=100)	103.10 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea MORI: Mfg: FB: Other Food Products (2000=100)	98.00 Dec 2007	monthly	Jan 1980 - Dec 2007
Korea MORI: Mfg: FB: Beverages (2000=100)	87.50 Dec 2007	monthly	Jan 1980 - Dec 2007

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