Key Facts: Ulsan, South Korea Wages
- Location
- Ulsan, South Korea
- Currency
- South Korean Won (KRW)
- Minimum Wage
- ₩10,320 /hr (matches national rate)
- Data Source
- Minimum Wage Commission, Republic of Korea
- Last Updated
- 2026-05-04
Minimum Wage in Ulsan
Metropolitan city of South Korea · Data verified 2026-01-01
Minimum wage
₩10,320 /hr
Matches South Korea national rate
#7 of 17 province Since 2026-01-01
With a population of 1.1 million, Ulsan is a metropolitan city of South Korea whose economy centers on automotive and shipbuilding. The metropolitan city follows the national minimum wage of ₩10,320 per hour.
• AT A GLANCE
- Rank
- #7 of 17
- province
- vs National
- =
- South Korea floor
- Annual (est.)
- ₩21,465,600
- full-time, before tax
- Change Since 2023
- +7%
- nominal wage
Wage Breakdown
- Hourly
- ₩10,320
- Monthly
- ₩2,156,880 Based on 209 hours/month (40 hrs/week + 8 hrs paid weekly rest)
- Annual
- ₩25,882,560 Based on 2,080 hours/year
South Korea's minimum wage is set nationally — no regional variation. Industrial powerhouse with highest GRDP per capita. Home to Hyundai Motor and Hyundai Heavy Industries.
At this rate, a full-time worker earns approximately ₩21,465,600 /yr before tax. Whether that covers living costs depends on local prices. See South Korea purchasing power context.
Minimum Wage History
Nominal wage