Minimum relative to average wages of full-time workers in Korea
Korea: Minimum relative to average wages of full-time workers was 47.21 Percentage of average wage of full-time employees in 2025. β² Rising
Minimum relative to average wages of full-time workers in Korea, 1988β2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of average wage of full-time employees.
Analysis
The most recent figure for minimum relative to average wages of full-time workers in Korea is 47.21 Percentage of average wage of full-time employees, measured in 2025.
Compared with earlier readings it is down 1.3% on the previous year and up 24.8% over ten years.
Over the whole period, minimum relative to average wages of full-time workers in Korea peaked at 49.56 Percentage of average wage of full-time employees in 2020 and was at its lowest, 23.06 Percentage of average wage of full-time employees, in 1996.
The long-run direction has been consistently rising across the 38 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 26.98 Percentage of average wage of full-time employees | 26 Percentage of average wage of full-time employees | 27.97 Percentage of average wage of full-time employees | 2 |
| 1990s | 25.13 Percentage of average wage of full-time employees | 23.06 Percentage of average wage of full-time employees | 27.36 Percentage of average wage of full-time employees | 10 |
| 2000s | 29.65 Percentage of average wage of full-time employees | 23.81 Percentage of average wage of full-time employees | 35.91 Percentage of average wage of full-time employees | 10 |
| 2010s | 39.11 Percentage of average wage of full-time employees | 34.11 Percentage of average wage of full-time employees | 49.45 Percentage of average wage of full-time employees | 10 |
| 2020s | 48.25 Percentage of average wage of full-time employees | 47.21 Percentage of average wage of full-time employees | 49.56 Percentage of average wage of full-time employees | 6 |
Countries ranked near Korea
- 1 Costa Rica 68.91 Percentage of average wage of full-time employees compare
- 2 Mexico 61.14 Percentage of average wage of full-time employees compare
- 3 Colombia 58.51 Percentage of average wage of full-time employees compare
- 4 New Zealand 54.56 Percentage of average wage of full-time employees compare
- 5 United Kingdom of Great Britain and Northern Ireland 51.11 Percentage of average wage of full-time employees compare
- 6 France 50.42 Percentage of average wage of full-time employees compare
More work & labour data for Korea
- Africa's Development Dynamics (AfDD) Table 32 - Employment by 2,220 Persons (2022)
- Africa's Development Dynamics (AfDD) Table 32 - Employment by 1,235 Persons (2022)
- Patents - international collaboration in technology development 41,123 Co-inventions (2023)
- Employment and unemployment by five-year age group and sex - levels 28,769 Persons (2025)
- Average annual hours actually worked per worker β Hours worked 1,833 Hours per year per person (2025)
- Incidence of unemployment by duration 58.51 Percentage of population in the same subgroup (2025)
- Incidence of full-time and part-time employment based on 82.95 Percentage of population in the same subgroup (2025)
- Full-time and part-time employment based on OECD-harmonized definition 23,454 Persons (2025)
- Long usual weekly working hours β Employment 4,514 Persons (2025)
- Labour indicators levels - Regions β Population 32.67 million Persons (2025)
Frequently asked questions
- What is minimum relative to average wages of full-time workers in Korea?
- Minimum relative to average wages of full-time workers in Korea was 47.21 Percentage of average wage of full-time employees in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest minimum relative to average wages of full-time workers recorded in Korea?
- The highest recorded value was 49.56 Percentage of average wage of full-time employees in 2020.
- What is the lowest minimum relative to average wages of full-time workers recorded in Korea?
- The lowest recorded value was 23.06 Percentage of average wage of full-time employees in 1996.
- How does Korea rank for minimum relative to average wages of full-time workers?
- Korea ranks 3rd out of 9 groups with data for 2025.
- Is minimum relative to average wages of full-time workers rising or falling in Korea?
- Over the last ten years it is up 24.8%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Minimum relative to average wages of full-time workers. Statizoid updates them automatically from the source API.
Download this data
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About this data
For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. However, while median of basic earnings of full-time workers - i.e. excluding overtime and bonus payments - are ideally, the preferred measure of average wages for international comparisons of minimum-to-median earnings, they are not available for a large number of countries. Minimum relative to mean earnings of full-time workers are also provided.