Wages in South Korea increased to 4517147 KRW/Month in the third quarter of 2024 from 4176459 KRW/Month in the second quarter of 2024. Wages in South Korea averaged 3444741.84 KRW/Month from 2008 until 2024, reaching an all time high of 4608765.00 KRW/Month in the first quarter of 2024 and a record low of 2460239.00 KRW/Month in the second quarter of 2008. source: Ministry of Employment and Labor, South Korea

Wages in South Korea is expected to be 4446000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Employed Persons 28821.00 28847.00 Thousand Nov 2024
Employment Change 0.40 0.30 Percent Nov 2024
Employment Rate 63.20 63.30 percent Nov 2024
Labor Force Participation Rate 64.60 64.70 percent Nov 2024
Minimum Wages 9860.00 9620.00 KRW/Hour Dec 2024
Population 51.71 51.67 Million Dec 2023
Productivity 107.40 109.70 points Sep 2024
Retirement Age Men 60.00 60.00 Years Dec 2024
Retirement Age Women 60.00 60.00 Years Dec 2024
Unemployed Persons 656.00 678.00 Thousand Nov 2024
Unemployment Rate 2.70 2.70 percent Nov 2024
Wages 4517147.00 4176459.00 KRW/Month Sep 2024
Wages in Manufacturing 5076250.00 4608854.00 KRW/Month Sep 2024
Youth Unemployment Rate 5.50 5.50 percent Nov 2024

South Korea Total Wages
In South Korea, wages are benchmarked using total salaries.
Actual Previous Highest Lowest Dates Unit Frequency
4517147.00 4176459.00 4608765.00 2460239.00 2008 - 2024 KRW/Month Quarterly
Current Prices, NSA