Work & incomeSouth Korea
Minimum wage in South Korea
What must a month of work pay, at minimum, in what it buys?
South Korea's minimum wage is $2,362 PPP/mo — #5 of 85 countries on the atlas (higher is better). Period 2024.
$2,362PPP/mo
Source: ILO monthly earnings of employees (EAR_EMTA mean + EAR_EMTM median)
The law in South Korea sets the floor at about $2,362 a month, measured in dollars adjusted for what they buy locally.
Among 85 countries
- Rank
- #5 of 85
- higher is better
- Ranked behind
- 94 %
- 80 of 85 countries
In Asia: #1 of 30vs median $619 PPP/mo: +282 % (better)
The neighbourhood
| # | Country | Minimum wage (PPP) | vs South Korea |
|---|---|---|---|
| 3 | Australia | $2,819 PPP/mo | +$457 PPP/mo |
| 4 | New Zealand | $2,673 PPP/mo | +$311 PPP/mo |
| 5 | South Korea | $2,362 PPP/mo | — |
| 6 | Canada | $2,324 PPP/mo | −$38 PPP/mo |
| 7 | Saudi Arabia | $2,125 PPP/mo | −$237 PPP/mo |
Statutory gross monthly minimum wage in PPP international dollars (ILO). Reaches 82 countries where the euro field reaches 22 — a different currency basis and collection, so it is its own field. Countries with no statutory minimum (the Nordics, Austria, Italy…) are empty by design.
How to read this figure
The statutory gross monthly minimum wage from the ILO, in PPP international dollars — what the law requires a month of full-time work to pay, measured in what that pay buys locally. A separate field from the euro minimum wage: different currency basis and collection, and it reaches 82 countries against Eurostat’s 22. The same caveat applies — countries without a statutory minimum (the Nordics, Austria, Italy…) are empty because their wage floors live in collective agreements, not in law.