Key Facts: South Korea vs Liechtenstein Wages
- South Korea Minimum Wage
- ₩10,320/hr ($6.84 USD)
- Liechtenstein Minimum Wage
- No statutory minimum wage
- South Korea Avg. Gross Monthly Salary
- ₩3,960,000 /mo ($2,624.88 USD)
- Liechtenstein Avg. Gross Monthly Salary
- CHF6,000 /mo ($7,655.01 USD)
- Data Sources
- Minimum Wage Commission (최저임금위원회) (2026-05-15), Liechtenstein Office of Statistics (Amt für Statistik) / Liechtenstein Chamber of Commerce (2026-02-25)
South Korea 
Liechtenstein
Updated 2026-05-15
Unlike Liechtenstein, which has no statutory minimum wage, South Korea mandates a wage floor of $7/hr. Average gross salaries diverge further: $2,625/mo in South Korea versus $7,655/mo in Liechtenstein, a 2.9:1 ratio.
Detailed Comparison
| Metric | South Korea | Liechtenstein |
|---|---|---|
| Minimum wage /hr | ₩10,320 $6.84 | None |
| Minimum wage /mo | ₩2,156,880 $1,429.69 | None |
| Minimum wage /yr | ₩25,882,560 $17,156.22 | None |
| Avg. gross salary /mo | ₩3,960,000 /mo $2,624.88 | CHF6,000 /mo $7,655.01 |
| Avg. net salary /mo | ₩3,170,000 /mo $2,101.23 | N/A/mo |
| Median individual income /yr | ₩33,360,000 /yr $22,112.63 | CHF84,500 /yr $107,808.11 |
Percentage differences are based on USD equivalent values. Positive means South Korea is higher.
Work Week
- South Korea
-
40 hrs/wk standard
Max 52 hrs/wk
Overtime : 1.5x pay
Labour Standards Act sets 40 hrs/week base with maximum 12 hrs overtime (52 total). Overtime, night work (10pm-6am), and holiday work each receive a 50% premium. Businesses with 5-49 employees had a phased implementation completed in 2021. Government proposed a flexible 69-hour weekly cap in 2023 but withdrew after public backlash.
- Liechtenstein
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.25x pay
Liechtenstein's labor law (Arbeitsgesetz) largely mirrors Swiss standards. The standard contractual workweek is typically 40-42 hours. Maximum working time and overtime provisions follow cantonal-equivalent arrangements. German is the official language.
See this comparison from Liechtenstein's perspective: Liechtenstein vs South Korea
Compare South Korea with...
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South Korea vs Taiwan NT$ 190 /hr 
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South Korea vs Norway Frequently Asked Questions
Is the minimum wage higher in South Korea or Liechtenstein?
In South Korea, the minimum wage is ₩10,320/hr ($6.84 USD). In Liechtenstein, it is no statutory minimum wage.
How much less does the average worker earn in South Korea compared to Liechtenstein?
The average gross salary in South Korea is ₩3,960,000/mo ($2,624.88 USD), compared to CHF6,000/mo ($7,655.01 USD) in Liechtenstein. In USD terms, workers in South Korea earn approximately 192% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between South Korea and Liechtenstein 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 South Korea and Liechtenstein?
Both South Korea and Liechtenstein 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.