Bermuda South Korea

Updated 2026-05-15

Bermuda

Minimum Wage

$17.13 /hr

$17.13 USD

South Korea

Minimum Wage

₩10,320 /hr

$6.84 USD

Avg. Gross Salary

₩3,960,000 /mo

Min wage: +150% Bermuda vs South Korea

The minimum wage in Bermuda is 150% higher than in South Korea when converted to USD.

Detailed Comparison

Detailed wage comparison between Bermuda and South Korea
Metric	Bermuda	South Korea	Diff
Minimum wage /hr	$17.13 $17.13	₩10,320 $6.84	+150.4%
Minimum wage /mo	$2,968.87 $2,968.87	₩2,156,880 $1,429.69	+107.7%
Minimum wage /yr	$35,630.40 $35,630.40	₩25,882,560 $17,156.22	+107.7%
Avg. gross salary /mo	N/A/mo	₩3,960,000 /mo $2,624.88	—
Avg. net salary /mo	N/A/mo	₩3,170,000 /mo $2,101.23	—
Median individual income /yr	N/A/yr	₩33,360,000 /yr $22,112.63	—

Percentage differences are based on USD equivalent values. Positive means Bermuda is higher.

Work Week

Bermuda: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours under the Employment Act 2000.
South Korea: 40 hrs/wk standard

Max 52 hrs/wk

Overtime : 1.5x pay

Labour Standards Act sets 40 hrs/week base with maximum 12 hrs overtime (52 total). Overtime, night work (10pm-6am), and holiday work each receive a 50% premium. Businesses with 5-49 employees had a phased implementation completed in 2021. Government proposed a flexible 69-hour weekly cap in 2023 but withdrew after public backlash.

• WAGE TRAJECTORY (USD/hr)

Bermuda South Korea Source: wage.is · USD equivalent/hr

Year	Bermuda (USD)	South Korea (USD)
2015	—	$3.70/hr
2016	—	$4.00/hr
2017	—	$4.29/hr
2018	—	$4.99/hr
2019	—	$5.53/hr
2020	—	$5.69/hr
2021	—	$5.78/hr
2022	—	$6.07/hr
2023	$16/hr	$6.38/hr
2024	—	$6.54/hr
2025	$17/hr	$6.65/hr
2026	—	$6.84/hr

What This Means for Workers

A minimum wage worker moving from South Korea to Bermuda would see a 150% increase in USD-equivalent hourly earnings.

See this comparison from South Korea's perspective: South Korea vs Bermuda

Compare Bermuda with...

Bermuda vs United States $ 7.25 /hr

Bermuda vs China ¥ 25 /hr

Bermuda vs Germany € 13.9 /hr

Bermuda vs United Kingdom £ 12.71 /hr

Bermuda vs India ₹ 4,576 /mo

Bermuda vs Japan ¥ 1,121 /hr

Bermuda vs France € 12.02 /hr

Bermuda vs Canada C$ 18.1 /hr

Bermuda vs Australia A$ 24.95 /hr

Bermuda vs Brazil R$ 7.37 /hr

Bermuda vs Russia ₽ 156.31 /hr

Bermuda vs Mexico MX$ 9,583.52 /mo

Bermuda vs Netherlands € 14.71 /hr

Bermuda vs Saudi Arabia ﷼ 23.08 /hr

Bermuda vs Turkey ₺ 164.94 /hr

Bermuda vs Switzerland

Bermuda vs Poland zł 31.4 /hr

Bermuda vs Israel ₪ 35.4 /hr

Bermuda vs New Zealand NZ$ 23.5 /hr

Frequently Asked Questions

Is the minimum wage higher in Bermuda or South Korea?

In Bermuda, the minimum wage is $17.13/hr ($17.13 USD). In South Korea, it is ₩10,320/hr ($6.84 USD). Bermuda has the higher rate by 150% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in South Korea may retain a larger share of their earnings if prices there are lower.

How do work hours compare between Bermuda and South Korea?

Both Bermuda and South Korea mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.