South Korea Minimum Wages

Name: South Korea Minimum Wages
Creator: Agentic Investor

South Korea · Annual series · EC-KR-MW

Latest, 2026

10,320.00 KRW

+2.9% from 2025

Open interactive chartSouth Korea Minimum Wages in the app

History through 2026, the forecast path to 2029 (dashed) and its 80% interval (shaded).

Forecast

Forecast for 2029: 11,077.91 KRW, with an 80% interval of 9,805.06 KRW to 12,451.17 KRW.

Forecast path. Intervals are shown where available.
Period	Forecast	80% low	80% high
2027	10,603.59 KRW	10,431.67 KRW	10,818.36 KRW
2028	10,813.19 KRW	10,073.13 KRW	11,693.37 KRW
2029	11,077.91 KRW	9,805.06 KRW	12,451.17 KRW

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Supported evidence

The point forecast beat the no-change baseline overall and in a majority of the evaluated tests.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive: +55%Beats the no-change baseline over 6 tests (6 tests, 6 won)
Direction: 100%Beats a coin flip (18 of 18 calls right in 6 tests)
Turning points: n/aToo few tests (0 turns, 8 needed) (0 turns in 6 tests, 6 without a turn)

Error vs baseline: 55% lowerError ratio 0.45; 1.00 is a tie.
Tests won: 6 / 6Complete rolling backtests; ties count as no win.
Test period: 2009-12-01 to 2026-12-013 observations ahead per test.
80% band coverage: 83%Observed outcomes inside the band across all stored test windows.

Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
Evaluated 2026-11-14 against the cached history through 2026-12-01.
This is an evaluation of the serving model; it does not establish a winner across four model classes.

How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

That is the highest of the 10 readings since 2017.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)

The 24 most recent observations, newest first.
Period	Value
2026	10,320.00 KRW
2025	10,030.00 KRW
2024	9,860.00 KRW
2023	9,620.00 KRW
2022	9,160.00 KRW
2021	8,720.00 KRW
2020	8,590.00 KRW
2019	8,350.00 KRW
2018	7,530.00 KRW
2017	6,470.00 KRW
2016	6,030.00 KRW
2015	5,580.00 KRW
2014	5,210.00 KRW
2013	4,860.00 KRW
2012	4,580.00 KRW
2011	4,320.00 KRW
2010	4,110.00 KRW
2009	4,000.00 KRW
2008	3,770.00 KRW
2007	3,480.00 KRW
2006	3,100.00 KRW
2005	2,840.00 KRW
2004	2,510.00 KRW
2003	2,275.00 KRW

Source

Data: public market data feeds.