Korea vs United Kingdom of Great Britain and Northern Ireland: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Korea
- United Kingdom of Great Britain and Northern Ireland
How they compare
United Kingdom of Great Britain and Northern Ireland currently reports 32,912 US dollars, exchange rate converted against 17,685 US dollars, exchange rate converted in Korea, a difference of 15,227 US dollars, exchange rate converted.
That makes United Kingdom of Great Britain and Northern Ireland's figure about 1.9 times Korea's.
Across all 26 years both countries report, United Kingdom of Great Britain and Northern Ireland has been ahead every year.
Korea ranks 1st and United Kingdom of Great Britain and Northern Ireland ranks 2nd of 3 groups.
United Kingdom of Great Britain and Northern Ireland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Korea | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8,373 US dollars, exchange rate converted | 22,260 US dollars, exchange rate converted | 13,886 US dollars, exchange rate converted | United Kingdom of Great Britain and Northern Ireland |
| 2010s | 12,518 US dollars, exchange rate converted | 25,553 US dollars, exchange rate converted | 13,035 US dollars, exchange rate converted | United Kingdom of Great Britain and Northern Ireland |
| 2020s | 17,633 US dollars, exchange rate converted | 30,639 US dollars, exchange rate converted | 13,006 US dollars, exchange rate converted | United Kingdom of Great Britain and Northern Ireland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Korea or United Kingdom of Great Britain and Northern Ireland?
- United Kingdom of Great Britain and Northern Ireland, at 32,912 US dollars, exchange rate converted against 17,685 US dollars, exchange rate converted in Korea as of 2025.
- What is the difference in real minimum wages at constant prices — statutory minimum wages between Korea and United Kingdom of Great Britain and Northern Ireland?
- 15,227 US dollars, exchange rate converted, with United Kingdom of Great Britain and Northern Ireland ahead.
- How many years of comparable data are there for Korea and United Kingdom of Great Britain and Northern Ireland?
- 26 years are reported by both, from 2000 to 2025.
- How do Korea and United Kingdom of Great Britain and Northern Ireland rank globally for real minimum wages at constant prices — statutory minimum wages?
- Korea ranks 1st and United Kingdom of Great Britain and Northern Ireland ranks 2nd of 3 groups.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Real minimum wages at constant prices — Statutory minimum wages. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.