Monthly minimum wage (Local currency), per capita in South Korea
South Korea: Monthly minimum wage (Local currency), per capita was 0.0398 units per person in 2024. ◆ Volatile
Monthly minimum wage (Local currency), per capita in South Korea, 1995–2024
Source: Statizoid (derived). Measured in units per person.
Analysis
The most recent figure for monthly minimum wage (local currency), per capita in South Korea is 0.0398 units per person, measured in 2024. That is the highest value across all 30 years on record.
That represents a change of up 2.4% on the previous year and up 85.6% over ten years.
Over the whole period, monthly minimum wage (local currency), per capita in South Korea peaked at 0.0398 units per person in 2024 and was at its lowest, 0.0059 units per person, in 1995.
That places South Korea 19th out of 170 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), per capita in South Korea, year by year
| Year | units per person | Change |
|---|---|---|
| 1995 | 0.0059 units per person | — |
| 1996 | 0.0063 units per person | +7.9% |
| 1997 | 0.0069 units per person | +8.8% |
| 1998 | 0.0073 units per person | +5.3% |
| 1999 | 0.0074 units per person | +2.0% |
| 2000 | 0.0077 units per person | +4.0% |
| 2001 | 0.0089 units per person | +15.7% |
| 2002 | 0.01 units per person | +12.0% |
| 2003 | 0.0107 units per person | +7.8% |
| 2004 | 0.0118 units per person | +9.9% |
| 2005 | 0.0133 units per person | +12.9% |
| 2006 | 0.0145 units per person | +8.6% |
| 2007 | 0.0162 units per person | +11.7% |
| 2008 | 0.0174 units per person | +7.5% |
| 2009 | 0.0183 units per person | +5.6% |
| 2010 | 0.0187 units per person | +2.2% |
| 2011 | 0.0181 units per person | -3.5% |
| 2012 | 0.0191 units per person | +5.5% |
| 2013 | 0.0201 units per person | +5.6% |
| 2014 | 0.0215 units per person | +6.5% |
| 2015 | 0.0229 units per person | +6.5% |
| 2016 | 0.0246 units per person | +7.6% |
| 2017 | 0.0263 units per person | +7.0% |
| 2018 | 0.0305 units per person | +15.9% |
| 2019 | 0.0337 units per person | +10.5% |
| 2020 | 0.0346 units per person | +2.7% |
| 2021 | 0.0352 units per person | +1.6% |
| 2022 | 0.037 units per person | +5.2% |
| 2023 | 0.0389 units per person | +4.9% |
| 2024 | 0.0398 units per person | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0067 units per person | 0.0059 units per person | 0.0074 units per person | 5 |
| 2000s | 0.0129 units per person | 0.0077 units per person | 0.0183 units per person | 10 |
| 2010s | 0.0236 units per person | 0.0181 units per person | 0.0337 units per person | 10 |
| 2020s | 0.0371 units per person | 0.0346 units per person | 0.0398 units per person | 5 |
Countries ranked near South Korea
More work & labour data for South Korea
- Persons outside the labour force (ILO modelled estimates) 16,840 (2027)
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.02 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9719 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.1065 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 64.4% (2025)
Frequently asked questions
- What is monthly minimum wage (local currency), per capita in South Korea?
- Monthly minimum wage (local currency), per capita in South Korea was 0.0398 units per person in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), per capita recorded in South Korea?
- The highest recorded value was 0.0398 units per person in 2024.
- What is the lowest monthly minimum wage (local currency), per capita recorded in South Korea?
- The lowest recorded value was 0.0059 units per person in 1995.
- How does South Korea rank for monthly minimum wage (local currency), per capita?
- South Korea ranks 19th out of 170 countries with data for 2024.
- Is monthly minimum wage (local currency), per capita rising or falling in South Korea?
- Over the last ten years it is up 85.6%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Monthly minimum wage (Local currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage (Local currency) ÷ Population, total
Computed from
- Monthly minimum wage International Labour Organization
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Monthly minimum wage (Local currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.