2025 Minimum wage
This guide provides information on the statutory minimum wage in accordance with the Minimum Wage Act of the Republic of Korea. The 2025 minimum wage is set at 10,030 won per hour, and all workers must receive at least the minimum wage regardless of industry type or region.
• Daily, monthly, and annual wages are simple calculations based on the minimum hourly wage.
• Daily Wage: Minimum Hourly Wage x 8
• Monthly Wage: Minimum Hourly Wage x 209
• Annual Salary: Minimum Hourly Wage x 209 x 12
Applicable Year | Hourly Wage | Daily Wage | Monthly Wage | Annual Salary |
---|---|---|---|---|
2025 | 10,030 KRW | 80,240 KRW | 2,096,270 KRW | 25,155,240 KRW |
2024 | 9,860 KRW | 78,880 KRW | 2,060,740 KRW | 24,728,880 KRW |
2023 | 9,620 KRW | 76,960 KRW | 2,010,580 KRW | 24,126,960 KRW |
2022 | 9,160 KRW | 73,280 KRW | 1,914,440 KRW | 22,973,280 KRW |
2021 | 8,720 KRW | 69,760 KRW | 1,822,480 KRW | 21,869,760 KRW |
2020 | 8,590 KRW | 68,720 KRW | 1,795,310 KRW | 21,543,720 KRW |
2019 | 8,350 KRW | 66,800 KRW | 1,745,150 KRW | 20,941,800 KRW |
2018 | 7,530 KRW | 60,240 KRW | 1,573,770 KRW | 18,885,240 KRW |
2017 | 6,470 KRW | 51,760 KRW | 1,352,230 KRW | 16,226,760 KRW |
2016 | 6,030 KRW | 48,240 KRW | 1,260,270 KRW | 15,123,240 KRW |
2015 | 5,580 KRW | 44,640 KRW | 1,166,220 KRW | 13,994,640 KRW |
2014 | 5,210 KRW | 41,680 KRW | 1,088,890 KRW | 13,066,680 KRW |
2013 | 4,860 KRW | 38,880 KRW | 1,015,740 KRW | 12,188,880 KRW |
2012 | 4,580 KRW | 36,640 KRW | 957,220 KRW | 11,486,640 KRW |
2011 | 4,320 KRW | 34,560 KRW | 902,880 KRW | 10,834,560 KRW |
2010 | 4,110 KRW | 32,880 KRW | 858,990 KRW | 10,307,880 KRW |
2009 | 4,000 KRW | 32,000 KRW | 836,000 KRW | 10,032,000 KRW |
2008 | 3,770 KRW | 30,160 KRW | 787,930 KRW | 9,455,160 KRW |
2007 | 3,480 KRW | 27,840 KRW | 727,320 KRW | 8,727,840 KRW |
2006 | 3,100 KRW | 24,800 KRW | 647,900 KRW | 7,774,800 KRW |
2005 | 2,840 KRW | 22,720 KRW | 593,560 KRW | 7,122,720 KRW |
2004 | 2,510 KRW | 20,080 KRW | 524,590 KRW | 6,295,080 KRW |
2003 | 2,275 KRW | 18,200 KRW | 475,475 KRW | 5,705,700 KRW |
2002 | 2,100 KRW | 16,800 KRW | 438,900 KRW | 5,266,800 KRW |
2001 | 1,865 KRW | 14,920 KRW | 389,785 KRW | 4,677,420 KRW |
2000 | 1,600 KRW | 12,800 KRW | 334,400 KRW | 4,012,800 KRW |
1999 | 1,525 KRW | 12,200 KRW | 318,725 KRW | 3,824,700 KRW |
1998 | 1,400 KRW | 11,200 KRW | 292,600 KRW | 3,511,200 KRW |
1997 | 1,275 KRW | 10,200 KRW | 266,475 KRW | 3,197,700 KRW |
1996 | 1,170 KRW | 9,360 KRW | 244,530 KRW | 2,934,360 KRW |
1995 | 1,085 KRW | 8,680 KRW | 226,765 KRW | 2,721,180 KRW |
1994 | 1,005 KRW | 8,040 KRW | 210,045 KRW | 2,520,540 KRW |