Working and Business > Labour Regulations

Minimum Wage

Minimum Wage

The minimum wage for all workers rose to 5,210 per hour as of 01 January 2014. Minimum wage workers will now receive 1.09 million won a month for 40 hours work a week.

The minimum wage for 2013 was set at  W4,860/hour up slightly  from the 2012 rate of W4,580. The minimum wage applies to all workers be they citizens or non-citizens, full-time or part-time employees.

The Minimum Wage Council, which sets the rate, is composed of government officials along with representatives of unionzed workers and employers (management).

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Last Updated on 2014-01-03

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