What is the minimum wage in Korea

Statutory minimum wages in other states

21 of the 27 EU Member States have a general statutory minimum wage.
Great Britain and Northern Ireland left on January 31, 2020.
From 01/01/2015 Germany has a statutory minimum wage.

There are also minimum wages in the USA, Canada, Argentina, Brazil, Australia, New Zealand, Japan, Korea, Turkey and other countries.

Minimum wages in the European Union (as of 01/01/2021)

countryEuros per hourRemarks
Luxembourg12,73unskilled workers who have reached the age of 18
qualified employees receive a supplement of 20%
from 17 to 18 years only 80% applies
A monthly wage (social minimum wage) of EUR 2,201.93 for a 40-hour week was set. € 2,201.93 per month / 173 hours per month equals € 12.73 per hour
Netherlands10,34Employees from 21 years of age; a lower minimum wage applies to employees under the age of 21
The minimum age for the full minimum wage used to be even higher (22 and 23 years).
As before, the Dutch statutory minimum wage is a monthly wage and not an hourly wage.
For an employee aged 21 and over, the gross minimum wage for full-time employment as of January 1, 2021 is 1,684.80 euros. In addition, there is the additional minimum vacation allowance (at least 8 percent of the gross wage bill).
The arithmetical minimum wage per hour is based on the weekly working hours that are usually regulated by collective bargaining agreements. In areas with a weekly working time of 36 or 38 hours, the calculated hourly wage is higher than in areas in which the weekly working time is 40 hours.
France10,25 
Ireland10,20 
Belgium9,85 
Germany9,50
9.60 from July 1st, 2021
 
Slovenia5,92 
Spain5,76 
Malta4,53 
Portugal4,01 
Lithuania3,93 
Greece3,76After the end of the international credit program, the Greek government decided to increase the minimum wage by 11% to 3.76 euros on February 1, 2019.
This means that it is still well below the 2012 level, when it was worth EUR 4.34.
Poland3,64Conversion into euros based on the average rate for 2020
Slovakia3,58 
Estonia3,48 
Czech Republic3,42Conversion into euros based on the average rate for 2020
Croatia3,26Conversion into euros based on the average rate for 2020
Latvia2,96 
Romania2,84Conversion into euros based on the average rate for 2020
Hungary2,64
2.74 from 02/01/2021
Conversion into euros based on the average rate for 2020
Bulgaria2,00Conversion into euros based on the average rate for 2020

Source: WSI Minimum Wage Report 2021

In the remaining 6 countries of the EU (Austria, Denmark, Italy, Finland, Sweden and Cyprus) there is no statutory minimum wage.

Great Britain and Northern Ireland left the EU on January 31, 2020. The minimum wage in Great Britain for employees aged 25 and over (National Living Wage) is 9.80 euros (converted into euros based on the average exchange rate for 2020). From April 1st, 2021 it will be 10.01 euros. An employee under the age of 25 is entitled to the National Minimum Wage.

In the non-EU countries of Switzerland, Norway, Iceland and Liechtenstein, there is also no statutory minimum wage.

In a referendum on May 18, 2014, the Swiss voted with a large majority against the introduction of a statutory minimum wage. The initiative demanded a minimum wage of 22 francs per hour (approx. 18 euros).

The US has had a statutory minimum wage since 1938. Back then it was $ 0.25 an hour. Since that time it has been increased several times. In 1997 the Clinton administration set it at $ 5.15 an hour. The next increase in the minimum wage did not take place until 2007. This happened in three steps (2007, 2008 and 2009). As of July 2009, the minimum wage has been $ 7.25 an hour. That is of course a poor starvation wage (6.35 euros when converted into euros at the annual average rate for 2020).
In addition to the federal minimum wage, numerous states have other minimum wage laws with wages above the national level.


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