Notices

2027 Minimum Wage Set at KRW 10,700 per Hour

2026-07-15 오후 10:30:45 Views 1458

2027 Minimum Wage Set at KRW 10,700 per Hour

On July 14, 2026, the Minimum Wage Commission set the minimum wage for 2027 at KRW 10,700 per hour. This represents an increase of KRW 380, or 3.7%, from the 2026 minimum wage of KRW 10,320.

The minimum wage applies uniformly throughout the country, and a single minimum wage rate applies to all industries. Employers that fail to comply with the minimum wage requirement must pay the shortfall retroactively, and the same standard must be applied to all other employees.

The minimum wage is based on ordinary wages. However, one difference is that performance-based bonuses may also be included when determining compliance with the minimum wage.

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2027 Minimum Wage Set at KRW 10,700 per Hour
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