What is the Minimum Wage and Salary Payment Structure in South Korea?

Minimum Wage

  • The minimum wage for 2024 is KRW 2,060,740 per month.
  • This corresponds to an hourly minimum wage of KRW 9,860.


Salary Payment

  • Frequency: Salaries are paid on a monthly basis.


These regulations ensure that employees receive a minimum level of compensation and are paid regularly, contributing to fair and predictable wage practices.

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