Home Minimum Wage System

Minimum Wage System

Yearly trends in minimum wage(in won, %)

Minimum wage by year

Year, Houly Minimum wage rate, Daily minimum wage rate(based on 8 hours), Monthly minimum wage rate(based on 209 hours, based on Public notice), ncrease(an increase in the amount) table including.
Year Houly Minimum wage rate Daily minimum wage rate
(based on 8 hours)
Monthly minimum wage rate
(based on 209 hours, based on Public notice)
Increase
(an increase in the amount)
'24.01.01
~'24.12.31
9,860 78,880 2,060,740 2.5 (240)
'23.01.01
~'23.12.31
9,620 76,960 2,010,580 5.0 (460)
'22.01.01
~'22.12.31
9,160 73,280 1,914,440 5.05 (440)
'21.01.01
~'21.12.31
8,720 69,760 1,822,480 1.5 (130)
'20.01.01
~'20.12.31
8,590 68,720 1,795,310 2.87 (240)
'19.01.01
~'19.12.31
8,350 66,800 1,745,150 10.9 (820)
'18.01.01
~'18.12.31
7,530 60,240 1,573,770 16.4 (1,060)
'17.01.01
~'17.12.31
6,470 51,760 1,352,230 7.3 (440)
'16.01.01
~'16.12.31
6,030 48,240 1,260,270 8.1 (450)
'15.01.01
~'15.12.31
5,580 44,640 - 7.1 (370)
'14.01.01
~'14.12.31
5,210 41,680 - 7.2 (350)
'13.01.01
~'13.12.31
4,860 38,880 - 6.1 (280)
'12.01.01
~'12.12.31
4,580 36,640 - 6.0 (260)
'11.01.01
~'11.12.31
4,320 34,560 - 5.1 (210)
'10.01.01
~'10.12.31
4,110 32,880 - 2.75 (110)
'09.01.01
~'09.12.31
4,000 32,000 - 6.1 (230)
'08.01.01
~'08.12.31
3,770 30,160 - 8.3 (290)
'07.01.01
~'07.12.31
3,480 27,840 - 12.3 (380)
'05.09.01
~'06.12.31
3,100 24,800 - 9.2 (260)
'04.09.01
~'05.08.31
2,840 22,720 - 13.1 (330)
'03.09.01
~'04.08.31
2,510 20,080 - 10.3 (235)
'02.09.01
~'03.08.31
2,275 18,200 - 8.3 (175)
'01.09.01
~'02.08.31
2,100 16,800 - 12.6 (235)
'00.09.01
~'01.08.31
1,865 14,920 - 16.6 (265)
'99.09.01
~'00.08.30
1,600 12,800 - 4.9 (75)
'98.09.01
~'99.08.31
1,525 12,200 - 2.7 (40)
'97.09.01
~'98.08.31
1,485 11,880 - 6.1 (85)
'96.09.01
~'97.08.31
1,400 11,200 - 9.8 (125)
'95.09.01
~'96.08.31
1,275 10,200 - 8.97 (105)
'94.09.01
~'95.08.31
1,170 9,360 - 7.8 (85)
'94.01.01
~'94.08.31
1,085 8,680 - 7.96 (80)
'93.01.01
~'93.12.31
1,005 8,040 - 8.6 (80)
'92.01.01
~'92.12.31
925 7,400 - 12.8 (105)
'91.01.01
~'91.12.31
820 6,560 - 18.8 (130)
'90.01.01
~'90.12.31
690 5,520 - 15.0 (90)
'89.01.01
~'89.12.31
600 4,800 - 1Group : 29.7(137.5) / 2Group : 23.1(112.5) (-)
'88.01.01
~'88.12.31
1Group 462.50 / 2Group 487.50 3,700 / 3,900 - - (-)