Monthly minimum wage, PPP dollars in South Korea
Monthly minimum wage, PPP dollars in South Korea was 2,362 international $ in 2024, according to International Labour Organization. That is up 3.7% from 2023. That is the 10th highest of 107 countries in 2024.
Monthly minimum wage, PPP dollars in South Korea, 2000 to 2024
All 25 values
| Period | international $ |
|---|---|
| 2024 | 2,362 |
| 2023 | 2,277 |
| 2022 | 2,118 |
| 2021 | 1,896 |
| 2020 | 1,848 |
| 2019 | 1,773 |
| 2018 | 1,605 |
| 2017 | 1,363 |
| 2016 | 1,303 |
| 2015 | 1,215 |
| 2014 | 1,095 |
| 2013 | 1,040 |
| 2012 | 1,046 |
| 2011 | 990 |
| 2010 | 1,023 |
| 2009 | 1,003 |
| 2008 | 966 |
| 2007 | 908 |
| 2006 | 804 |
| 2005 | 730 |
| 2004 | 639 |
| 2003 | 584 |
| 2002 | 545 |
| 2001 | 500 |
| 2000 | 438 |
Rankings
Definition
Statutory monthly minimum wage for all employees, converted by the ILO from national currency to 2021 international dollars with the World Bank's purchasing power parities for private consumption. Where the law sets an hourly or daily rate, the ILO converts it to a month (for example 40 hours times 4.33 weeks). Only general rates: a single national minimum wage, a national floor, the adult rate, or the SMIG in countries with separate agricultural and non-agricultural rates.
For comparing countries. Countries with regional, sectoral or occupational minimum wages (Japan, Canada, China, Switzerland, much of Central America) are left out, as are years for which the ILO does not state the type. For the amount in euros in EU countries use minimum_wage. The ILO revises these figures.
How to cite
International Labour Organization, ILOSTAT. Monthly minimum wage by currency, 2021 PPP $, annual (DF_EAR_INEE_CUR_NB). https://data.ilo.org/vis?df%5Bds%5D=ds-production&df%5Bid%5D=DF_EAR_INEE_CUR_NB&df%5Bag%5D=ILO (Accessed on 2026-10-12). Licensed under CC BY 4.0.Use this data in your AI agent
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What is the monthly minimum wage, PPP dollars in South Korea?
Monthly minimum wage, PPP dollars in South Korea was 2,362 international $ in 2024, according to International Labour Organization. That is up 3.7% from 2023. That is the 10th highest of 107 countries in 2024.
Where does this figure come from?
International Labour Organization. Monthly minimum wage by currency, 2021 PPP $, annual (DF_EAR_INEE_CUR_NB). Retrieved by Invokely on 2026-10-12.
What was the highest monthly minimum wage, PPP dollars in South Korea?
2,362 international $ in 2024, the highest value since 2000 in this series.