Working and Business > Labour Regulations

Minimum Wage


Minimum Wage

The minimum hourly wage in Korea will be W7,530 in 2018. In July 2017, the Korean government approved an increase of W1,060 an hour. 

This is the first time ever that the minimum wage has risen by more than W1,000 in one year. President Moon Jae-in plans to raise the minimum wage to W10,000 an hour by 2020.

The Minimum Wage Commission includes representatives of labour and management, as well as members of the general public.

The minimum wage applies to all workers be they citizens or non-citizens, full-time or part-time employees.


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Last Updated on 2017-08-31


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