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S. Korea’s 2026 Minimum Wage to Rise 2.9%, Yonhap Says (July 10)

July 10, 2025, 10:42 PM UTC
Seyoon Kim
Seyoon Kim
Bloomberg News

South Korea’s minimum wage for next year set at 10,320 won/hour, an increase of 2.9% from this year’s 10,030 won, Yonhap News reported late Thursday, citing the Minimum Wage Commission’s website.

  • 2025 minimum wage translates into a monthly wage of ~2.16m won

To contact the reporter on this story:
Seyoon Kim in Seoul at skim7@bloomberg.net

To contact the editors responsible for this story:
Go Onomitsu at gonomitsu@bloomberg.net

Gareth Allan

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