Yeosu City Sets 2025 Living Wage at 10,990 KRW per Hour

280 Won (2.61%) Increase Compared to This Year
Applied to About 1,500 City Employees

Yeosu City, Jeollanam-do (Mayor Jeong Gi-myeong) has set the living wage for next year at 10,990 KRW per hour.

This is 280 KRW (2.61%) higher than this year's living wage of 10,710 KRW per hour, and 960 KRW (9.58%) more than the next year's minimum wage of 10,030 KRW per hour announced by the Ministry of Employment and Labor.

Yeosu City has set the living wage for next year at 10,990 KRW per hour. The photo shows the exterior of Yeosu City Hall.
Photo by Yeosu City

When converted to a monthly salary based on 209 hours, this amounts to 2,296,910 KRW, which is 58,520 KRW more than this year's 2,238,390 KRW and 200,640 KRW more than the next year's minimum wage equivalent of 2,096,270 KRW.

This living wage was determined after comprehensive review of various indicators such as the minimum wage increase rate, projected inflation rate, and changes in household expenditure of workers' families, followed by deliberation by the committee.

The increased living wage will be applied from January 1, 2025, to approximately 1,500 workers employed by the city, city-invested and funded institutions, and organizations receiving subsidies entrusted with city affairs.

Meanwhile, the living wage is a system where local governments pay wages slightly higher than the minimum wage to workers employed at public institutions to help them maintain a more comfortable livelihood. Yeosu City enacted and has been implementing the related ordinance since 2017, and this is the eighth time the living wage has been decided.