Minimum wage Wage means all the money paid to a worker as compensation for labor, including salary, pay, or any other designation. The minimum wage is a labor standard that must be observed even in workplaces with less than five employees. As of 2023, the minimum wage is 9,620 KRW per hour, which amounts to 2,010,580 KRW per month. Creating a labor contract Two copies of the labor contract must ..