Monthly minimum wage, per square kilometre in Republic of Korea
Republic of Korea: Monthly minimum wage, per square kilometre was 20.6 units per square kilometre in 2023. ◆ Volatile
Monthly minimum wage, per square kilometre in Republic of Korea, 1995–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
Republic of Korea recorded 20.6 units per square kilometre for monthly minimum wage, per square kilometre in 2023. That is the highest value across all 29 years on record.
The figure is up 5.0% on the previous year and up 97.6% over ten years.
Over the whole period, monthly minimum wage, per square kilometre in Republic of Korea peaked at 20.6 units per square kilometre in 2023 and was at its lowest, 2.74 units per square kilometre, in 1995.
Republic of Korea ranks 5th 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, per square kilometre in Republic of 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 Republic of Korea
- 2 Iran, Islamic Republic of 32.71 units per square kilometre compare
- 3 Comoros 29.55 units per square kilometre compare
- 4 San Marino 28.81 units per square kilometre compare
- 6 Viet Nam 14.93 units per square kilometre compare
- 7 Seychelles 14.41 units per square kilometre compare
- 8 New Caledonia 9.03 units per square kilometre compare
More work & labour data for Republic of 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 (1=yes; 0=no) (2023)
- Criminal sanctions or compensation for workplace sexual harassment 1 (1=yes; 0=no) (2023)
- Women can take the same jobs as men 1 (1=yes; 0=no) (2023)
- Labor force participation rate, total (% of total population ages 15+) 64.4% (2025)
Frequently asked questions
- What is monthly minimum wage, per square kilometre in Republic of Korea?
- Monthly minimum wage, per square kilometre in Republic of Korea was 20.6 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest monthly minimum wage, per square kilometre recorded in Republic of Korea?
- The highest recorded value was 20.6 units per square kilometre in 2023.
- What is the lowest monthly minimum wage, per square kilometre recorded in Republic of Korea?
- The lowest recorded value was 2.74 units per square kilometre in 1995.
- How does Republic of Korea rank for monthly minimum wage, per square kilometre?
- Republic of Korea ranks 5th out of 169 countries with data for 2023.
- Is monthly minimum wage, per square kilometre rising or falling in Republic of Korea?
- Over the last ten years it is up 97.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage, 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 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 ÷ 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 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.