South Korea Sets 2027 Minimum Wage at 10,700 KRW per Hour, Rebounding to 3.7% Increase After Intense Negotiations
SEJONG — South Korea’s minimum wage for 2027 has been officially finalized at 10,700 KRW (approximately $7.80 USD) per hour, marking a 3.7% increase (380 KRW) from the 2026 rate of 10,320
