Taiwan vs South Korea

In Taiwan, the minimum wage is NT$190/hr ($6.11 USD). In South Korea, it is ₩10,320/hr ($6.62 USD). South Korea has the higher rate by 8% 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 Taiwan may retain a larger share of their earnings if prices there are lower.

The average gross salary in Taiwan is NT$58,000/mo ($1,864.95 USD), compared to ₩3,960,000/mo ($2,541.57 USD) in South Korea. In USD terms, workers in Taiwan earn approximately 36% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Taiwan and South Korea is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in South Korea earn more in nominal terms, though how far that income stretches depends on local prices in Taiwan.

Both Taiwan 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.