Gibraltar South Korea

Updated 2026-05-15

Gibraltar

Minimum Wage

£9.50 /hr

$12.80 USD

South Korea

Minimum Wage

₩10,320 /hr

$6.84 USD

Avg. Gross Salary

₩3,960,000 /mo

Min wage: +87% Gibraltar vs South Korea

The minimum wage in Gibraltar is 87% higher than in South Korea when converted to USD.

Detailed Comparison

Detailed wage comparison between Gibraltar and South Korea
Metric	Gibraltar	South Korea	Diff
Minimum wage /hr	£9.50 $12.80	₩10,320 $6.84	+87.1%
Minimum wage /mo	£1,646.67 $2,218.33	₩2,156,880 $1,429.69	+55.2%
Minimum wage /yr	£19,760 $26,619.96	₩25,882,560 $17,156.22	+55.2%
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 Gibraltar is higher.

Work Week

Gibraltar: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours. Employment law aligned with UK and EU standards (pre-Brexit EU employment directives largely retained).
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)

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

Year	Gibraltar (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	$11/hr	$6.07/hr
2023	$12/hr	$6.38/hr
2024	$12/hr	$6.54/hr
2025	$13/hr	$6.65/hr
2026	—	$6.84/hr

What This Means for Workers

A minimum wage worker moving from South Korea to Gibraltar would see a 87% increase in USD-equivalent hourly earnings.

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

Compare Gibraltar with...

Gibraltar vs United States $ 7.25 /hr

Gibraltar vs China ¥ 25 /hr

Gibraltar vs Germany € 13.9 /hr

Gibraltar vs United Kingdom £ 12.71 /hr

Gibraltar vs India ₹ 4,576 /mo

Gibraltar vs Japan ¥ 1,121 /hr

Gibraltar vs France € 12.02 /hr

Gibraltar vs Canada C$ 18.1 /hr

Gibraltar vs Australia A$ 24.95 /hr

Gibraltar vs Brazil R$ 7.37 /hr

Gibraltar vs Russia ₽ 156.31 /hr

Gibraltar vs Mexico MX$ 9,583.52 /mo

Gibraltar vs Netherlands € 14.71 /hr

Gibraltar vs Saudi Arabia ﷼ 23.08 /hr

Gibraltar vs Turkey ₺ 164.94 /hr

Gibraltar vs Switzerland

Gibraltar vs Poland zł 31.4 /hr

Gibraltar vs Sweden

Gibraltar vs Singapore

Gibraltar vs Norway

Gibraltar vs Austria

Gibraltar vs Denmark

Gibraltar vs Israel ₪ 35.4 /hr

Gibraltar vs New Zealand NZ$ 23.5 /hr

Frequently Asked Questions

Is the minimum wage higher in Gibraltar or South Korea?

In Gibraltar, the minimum wage is £9.50/hr ($12.80 USD). In South Korea, it is ₩10,320/hr ($6.84 USD). Gibraltar has the higher rate by 87% 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 Gibraltar and South Korea?

Both Gibraltar 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.