North Korea Minimum Wage Rate 2018
Because North Korea does not have a minimum wage, there is no mandatory minimum rate of pay for workers in North Korea. Pay rates must be agreed upon directly with the employer through collective bargaining or other means of negotiating a fair living wage.
What is the North Korea Minimum Wage?
North Korea's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
North Korea averages 5,000 – 10,000 North Korean won ($5.5 – $11.1) per day. North Korea's minimum wage was last changed in 1-Jan-2014.
Facts and statistics about North Korea
North Korea is a country located in the Eastern Asia region with a population of 24,039,000 and an average life span of 70.7 years.
|Local Name||Choson Minjujuui In´min Konghwaguk (Bukhan)|
|Gross National Product||$5,332.00|
|Government Type||Socialistic Republic|
|Current Leader||Kim Jong-il|
|Continent & Region||Asia, Eastern Asia|
|Surface Area||120,538 square kilometers|
|ISO 3166 Country Code||KP|
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