Minimum Wage In Korea 2024. After thorough deliberation and analysis, the commission has decided to set the minimum hourly wage at 9,860 won (approximately php 422). Korea raised the minimum hourly wage for 2024 by 2.5 percent to 9,860 won ($7.8) amid weak economic growth.
The minimum wage for 2024 presents an increase of krw 240 (or 2.5%) from the current minimum wage of krw 9,620 per hour or krw 2,010,580 per month,. April 4, 2024, 12:01 a.m.
Release Table For 2024, Release Tables:
Enforcement decree of the minimum wage act.
People Vote On Whether They Agree With The Decided Minimum Wage For Next Year In Central Seoul On Wednesday.
Minimum wages in south korea remained unchanged at 9620 krw/hour in 2024 from 9620 krw/hour in 2023.
Download, Graph, And Track Economic Data.
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Korea’s 2024 Minimum Wage Set At 9,860 Won/Hour, Up By 2.5% Seyoon Kim.
Monthly data was reported at 2,060,740.000 krw in dec 2024.
Federal And State Minimum Wage Rates, Annual.
The minimum wage for 2024 presents an increase of krw 240 (or 2.5%) from the current minimum wage of krw 9,620 per hour or krw 2,010,580 per month,.
Next Year's Hourly Minimum Wage Was Set At 9,860 Won ($7.80) Wednesday, An Increase Of 2.5 Percent From This Year.