Today's Korean Minimum Wage in Pounds

Today's Korean Minimum Wage
한국어
Holiday — last business-day quote · Jun 22, 2026
Converted to Pounds
£5.07/ hour
Less than last year (Pounds)
-£0.33/hr
More than last year (KRW)
+2.9%
KRW ₩10,320
FX Rate ₩2,036.46 / £1

Global Purchasing Power — What can Korean wages buy locally?

How far Korea's minimum wage (₩10,320) goes in each country — switch between local and Korea tabs to compare

🍔
1 hr 3 min

1 Big Mac = 1 hr 3 min of work

£5.29 (United Kingdom)

Big Mac: Korea Big Mac: Big Mac Index standard ₩5,500 vs retail ₩5,700 — cross-country uses index price, Korea count uses retail

Purchasing Power — How long to buy one?

How many hours of minimum wage (2026 ₩10,320) to buy one item — tap a tab to switch

🍔
33 min

One piece = 33 min of work

1 piece = ₩5,700

McDonald's Korea menu price ₩5,700 (raised Feb 2026)

Hours needed over the years — Hours to afford one item per year — item price / hourly wage of that year

Pounds Minimum Wage — 2026 Daily

KRW wage ₩10,320 fixed — the converted value changes daily with the FX rate

Pounds line (£, left axis)

Sources

Frankfurter (ECB) — this year's daily FXMin. of Employment & Labor / Min. Wage CommissionKorea Consumer Agency — naengmyeon, jajangmyeon, gimbap, pork belly, kalguksu, bibimbap, samgyetangThe Economist Big Mac IndexKyochon Chicken / Yupdduk brand prices (bonus)
Methodology (expand)
  • Minimum wage is annual — flat within each year, steps up every January. Line fluctuations come from FX rate changes.
  • Quote date — today's value uses the last business-day quote; weekends/holidays use the most recent available quote.
  • Pounds wage = KRW wage / FX rate — the numerator is fixed, only the denominator (FX rate) moves.
  • Year-over-year comparison — all change metrics (hero cards, body) are vs. the previous year.
  • 1988 representative value — that year had two industry-group rates (Group 1 ₩462.5 / Group 2 ₩487.5); the lower floor (Group 1) is used.
  • Purchasing power — core tabs: naengmyeon ₩12,538 (Mar 2026), jajangmyeon ₩7,692 (Feb 2026), gimbap ₩3,800 (Apr 2026), pork belly 200g ₩21,218 (Mar 2026) from Korea Consumer Agency (Seoul avg); kalguksu, bibimbap, samgyetang from Korea Consumer Agency (Seoul avg, Mar 2026); Big Mac from McDonald's Korea actual price (Feb 2026 ₩5,700) / The Economist Big Mac Index.
  • Purchasing power — bonus tabs (disclaimer): chicken is Kyochon Honey Combo Seoul delivery app ₩26,000 (2026, delivery fee extra), tteokbokki is Yupdduk basic (~3-person serving, frozen at ₩14,000 since 2012). These are reference/fun values.
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License: Big Mac data CC-BY 4.0, Korean public data Attribution Type 1.