SK Lab Minimum Wage for FY2025
On Jul. 17, SK LAB proposed minimum wage to be applied in 2025.
- SK Lab proposed the minimum wage applicable from Jan. 1, 2025 till Dec. 31, 2025.
- Follows SK Lab Aug. 2023 issued the minimum wage applied in 2024, see #181171.
- Minimum Wage for 2025
- KRW 10,030 per hour will be applied for all industries, equivalent to KRW 2,096,270 per month based on 209 hours of standard monthly conversion hours.
- Effectiveness
- The minimum wage will be effective from Jan. 1, 2025 until Dec. 31, 2025.
- Aug. 2024 Minimum Wage Finalized
- On Aug. 5, 2024, SK Lab said 2025 minimum wage was set at KRW 10,030 per hour.
- Minimum wage will be applied to all industries from Jan. 1, 2025 till Dec. 31, 2025.
| Regulators |
SK LAB
|
| Entity Types |
Corp |
| Reference |
RF, Nt 2024-50, 8/5/2024; CP, Nt 2024-45, 7/17/2024 |
| Functions |
Compliance; Financial; HR; Legal |
| Countries |
South Korea |
| Category |
|
| State |
|
| Products |
Corporate |
| Regions |
AP |
| Rule Type |
Final |
| Rule Date |
7/17/2024 |
| Effective Date |
1/1/2025 |
| Rule Id |
219713 |
| Linked to |
Rule :181171
|
| Reg. Last Update |
8/5/2024 |
| Report Section |
International |
Last substantive update on 08/07/2024
