minwage.me

South Korea

Country or region

Global rank #16 of 77

Explore how minimum wage compares to Big Mac prices in South Korea, and how many burgers you can earn with 1 hour of work.

Minimum wage (gross)
₩10,320
/ hour
Big Mac price
₩5,500
Burgers per hour
1.88
You can buy about 1 burgers in 1 hour
Work time for 1 Big Mac
31m 59s

South Korea vs the world

How South Korea compares with other countries and regions.

How we calculate burgers per hour

Minimum wage / hour
₩10,320
÷
Big Mac price
₩5,500
=
Burgers per hour
1.88

Neighbouring ranks

  1. 14Belgium2.19
  2. 15France2.02
  3. 16South Korea1.88
  4. 17Israel1.77
  5. 18Hong Kong1.72

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Minimum wage (gross)

Source: Ministry of Employment and Labor (MOEL), Republic of Korea / Korea.net · effective Jan 1, 2026

Ministry of Employment and Labor (MOEL), Republic of Korea / Korea.net

Published natively per hour. The MOEL officially notified (고시) the 2026 rate on 2025-08-05 at KRW 10,320/hour, a 2.9% increase from the 2025 rate of KRW 10,030. Single national rate: South Korea has NO regional, age, or sector tiers (the 2026 wage applies uniformly across all industries and regions; applies to all employees regardless of employment status or nationality). The monthly-equivalent figure of KRW 2,156,880 is the official MOEL conversion based on 209 monthly hours (which includes statutory paid weekly holiday allowance, 주휴수당). Reported hourly is the primary basis. Effective 2026-01-01. Cross-checked with Korea.net (https://www.korea.net/NewsFocus/policies/view?articleId=274970).

Big Mac price: The Economist · Jan 1, 2026

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