Increase in Minimum Wage
11/24/2018
Under the revised Labor Standards Act, the minimum hourly wage in Korea will rise from KRW 7,530 to KRW 8,350. This change will take effect from January 1, 2019.
|
|
2018 |
From Jan 1, 2019 |
|
Minimum hourly wage |
Won 7,530 (Won 1,573,770 minimum monthly wage with 209 working hours per month) |
Won 8,350 (Won 1,745,150 minimum monthly wage with 209 working hours per month) |