Key Facts: Liechtenstein vs South Korea Wages
- Liechtenstein Minimum Wage
- No statutory minimum wage
- South Korea Minimum Wage
- ₩10,320/hr ($6.84 USD)
- Liechtenstein Avg. Gross Monthly Salary
- CHF6,000 /mo ($7,655.01 USD)
- South Korea Avg. Gross Monthly Salary
- ₩3,960,000 /mo ($2,624.88 USD)
- Data Sources
- Liechtenstein Office of Statistics (Amt für Statistik) / Liechtenstein Chamber of Commerce (2026-02-25), Minimum Wage Commission (최저임금위원회) (2026-05-15)
Liechtenstein 
South Korea
Updated 2026-05-15
Liechtenstein has no statutory minimum wage, while South Korea sets a floor of $7/hr. Average gross salaries diverge further: $7,655/mo in Liechtenstein versus $2,625/mo in South Korea, a 2.9:1 ratio.
Detailed Comparison
| Metric | Liechtenstein | South Korea |
|---|---|---|
| Minimum wage /hr | None | ₩10,320 $6.84 |
| Minimum wage /mo | None | ₩2,156,880 $1,429.69 |
| Minimum wage /yr | None | ₩25,882,560 $17,156.22 |
| Avg. gross salary /mo | CHF6,000 /mo $7,655.01 | ₩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 | CHF84,500 /yr $107,808.11 | ₩33,360,000 /yr $22,112.63 |
Percentage differences are based on USD equivalent values. Positive means Liechtenstein is higher.
Work Week
- Liechtenstein
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.25x pay
Liechtenstein's labor law (Arbeitsgesetz) largely mirrors Swiss standards. The standard contractual workweek is typically 40-42 hours. Maximum working time and overtime provisions follow cantonal-equivalent arrangements. German is the official language.
- South Korea
-
40 hrs/wk standard
Max 52 hrs/wk
Overtime : 1.5x pay
Labour Standards Act sets 40 hrs/week base with maximum 12 hrs overtime (52 total). Overtime, night work (10pm-6am), and holiday work each receive a 50% premium. Businesses with 5-49 employees had a phased implementation completed in 2021. Government proposed a flexible 69-hour weekly cap in 2023 but withdrew after public backlash.
See this comparison from South Korea's perspective: South Korea vs Liechtenstein
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Liechtenstein vs New Zealand NZ$ 23.5 /hr Frequently Asked Questions
Is the minimum wage higher in Liechtenstein or South Korea?
In Liechtenstein, the minimum wage is no statutory minimum wage. In South Korea, it is ₩10,320/hr ($6.84 USD).
How much more does the average worker earn in Liechtenstein compared to South Korea?
The average gross salary in Liechtenstein is CHF6,000/mo ($7,655.01 USD), compared to ₩3,960,000/mo ($2,624.88 USD) in South Korea. In USD terms, workers in Liechtenstein earn approximately 192% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Liechtenstein and South Korea is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Liechtenstein earn more in nominal terms, though how far that income stretches depends on local prices in South Korea.
How do work hours compare between Liechtenstein and South Korea?
Both Liechtenstein 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.