Monthly minimum wage (Local currency), per square kilometre in South Korea
South Korea: Monthly minimum wage (Local currency), per square kilometre was 20.6 units per square kilometre in 2023. ◆ Volatile
Monthly minimum wage (Local currency), per square kilometre in South Korea, 1995–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
South Korea recorded 20.6 units per square kilometre for monthly minimum wage (local currency), per square kilometre in 2023. That is the highest value across all 29 years on record.
That represents a change of up 5.0% on the previous year and up 97.6% over ten years.
Over the whole period, monthly minimum wage (local currency), per square kilometre in South Korea peaked at 20.6 units per square kilometre in 2023 and was at its lowest, 2.74 units per square kilometre, in 1995.
South Korea ranks 6th of 169 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), per square kilometre in South Korea, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1995 | 2.74 units per square kilometre | — |
| 1996 | 2.99 units per square kilometre | +9.0% |
| 1997 | 3.28 units per square kilometre | +9.8% |
| 1998 | 3.48 units per square kilometre | +6.1% |
| 1999 | 3.57 units per square kilometre | +2.7% |
| 2000 | 3.75 units per square kilometre | +4.9% |
| 2001 | 4.36 units per square kilometre | +16.2% |
| 2002 | 4.9 units per square kilometre | +12.5% |
| 2003 | 5.31 units per square kilometre | +8.3% |
| 2004 | 5.86 units per square kilometre | +10.3% |
| 2005 | 6.63 units per square kilometre | +13.1% |
| 2006 | 7.23 units per square kilometre | +9.1% |
| 2007 | 8.11 units per square kilometre | +12.2% |
| 2008 | 8.78 units per square kilometre | +8.3% |
| 2009 | 9.31 units per square kilometre | +6.0% |
| 2010 | 9.56 units per square kilometre | +2.6% |
| 2011 | 9.29 units per square kilometre | -2.8% |
| 2012 | 9.84 units per square kilometre | +5.9% |
| 2013 | 10.43 units per square kilometre | +6.0% |
| 2014 | 11.18 units per square kilometre | +7.2% |
| 2015 | 11.97 units per square kilometre | +7.1% |
| 2016 | 12.93 units per square kilometre | +8.0% |
| 2017 | 13.87 units per square kilometre | +7.3% |
| 2018 | 16.14 units per square kilometre | +16.4% |
| 2019 | 17.88 units per square kilometre | +10.8% |
| 2020 | 18.39 units per square kilometre | +2.9% |
| 2021 | 18.67 units per square kilometre | +1.5% |
| 2022 | 19.62 units per square kilometre | +5.0% |
| 2023 | 20.6 units per square kilometre | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.21 units per square kilometre | 2.74 units per square kilometre | 3.57 units per square kilometre | 5 |
| 2000s | 6.43 units per square kilometre | 3.75 units per square kilometre | 9.31 units per square kilometre | 10 |
| 2010s | 12.31 units per square kilometre | 9.29 units per square kilometre | 17.88 units per square kilometre | 10 |
| 2020s | 19.32 units per square kilometre | 18.39 units per square kilometre | 20.6 units per square kilometre | 4 |
Countries ranked near South Korea
- 3 Iran 32.71 units per square kilometre compare
- 4 Comoros 29.55 units per square kilometre compare
- 5 San Marino 28.81 units per square kilometre compare
- 7 Vietnam 14.93 units per square kilometre compare
- 8 Seychelles 14.41 units per square kilometre compare
- 9 New Caledonia 9.03 units per square kilometre compare
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 square kilometre in South Korea?
- Monthly minimum wage (local currency), per square kilometre in South Korea was 20.6 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), per square kilometre recorded in South Korea?
- The highest recorded value was 20.6 units per square kilometre in 2023.
- What is the lowest monthly minimum wage (local currency), per square kilometre recorded in South Korea?
- The lowest recorded value was 2.74 units per square kilometre in 1995.
- How does South Korea rank for monthly minimum wage (local currency), per square kilometre?
- South Korea ranks 6th out of 169 countries with data for 2023.
- Is monthly minimum wage (local currency), per square kilometre rising or falling in South Korea?
- Over the last ten years it is up 97.6%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage (Local currency) ÷ Land area (sq. km)
Computed from
- Monthly minimum wage International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.