South Korea Minimum Wage: ₩10,030/Hour, ~₩2.1M Monthly (40hr/week basis)

Per OECD Taxing Wages 2026 data, South Korea's minimum wage stands at ₩10,030 per hour or roughly ₩2.1 million monthly on a 40-hour-per-week basis. High-cost urban centers like Seoul and Busan face acute affordability strain at this wage level.