The Minimum Hourly Wage is KRW 9,160 in 2022

The minimum hourly wage in 2022 in KRW 9160, which is a 5.05% increase from the 2021 minimum hourly wage of KRW 8,720.

Regular bonuses exceeding 10% of the 2022 minimum hourly wage calculated on a monthly basis (KRW 1,914,440 based on a 209-hour work month) will be included in the calculation of minimum wage.

Cash welfare benefits in excess of 2% of such monthly minimum wage will be included in the calculation of minimum wage as well.

The scope of items to be included in the calculation of minimum wage will continue to be expanded through 2024.