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2024년 최저임금(minimum wage system)

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Minimum wage.jpg


Korea implements a system in which the state protects low-wage workers by setting a minimum wage and forcing employers to pay wages above this level

Target: All businesses or workplaces that employ one or more workers must follow this system set by law.

Punishment: Violation of the set minimum wage may result in imprisonment of up to 3 years or a fine of up to 20 million won.


mimimum wage korea 2024.jpg

How much is the legal minimum wage in Korea for 2024?

▶Hourly : 9,860원

▶Daily : 78,880원

▶Weekly : 473,280원

▶Monthly : 2,060,740원

▶Yearly : 24,728,880원


Minimum wage trend through the years

주석 2023-12-06 104744.png.jpg


People illustrations by Storyset

Attachment 3

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