Wages in South Korea increased to 4830873 KRW/Month in the first quarter of 2025 from 4491305 KRW/Month in the fourth quarter of 2024. Wages in South Korea averaged 3479998.28 KRW/Month from 2008 until 2025, reaching an all time high of 4830873.00 KRW/Month in the first quarter of 2025 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 4930000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Total Wages is projected to trend around 5350000.00 KRW/Month in 2026 and 5500000.00 KRW/Month in 2027, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 29160.00 28887.00 Thousand May 2025
Employment Change 0.80 0.70 Percent May 2025
Employment Rate 63.80 63.20 percent May 2025
Labor Force Participation Rate 65.60 65.10 percent May 2025
Minimum Wages 10030.00 9860.00 KRW/Hour Dec 2025
Population 51.75 51.71 Million Dec 2024
Productivity 102.60 102.90 points Mar 2025
Retirement Age Men 60.00 60.00 Years Dec 2025
Retirement Age Women 60.00 60.00 Years Dec 2025
Unemployed Persons 853.00 854.00 Thousand May 2025
Unemployment Rate 2.70 2.70 percent May 2025
Wages 4830873.00 4491305.00 KRW/Month Mar 2025
Wages in Manufacturing 5582097.00 5150250.00 KRW/Month Mar 2025
Youth Unemployment Rate 6.60 7.30 percent May 2025



South Korea Total Wages
In South Korea, wages are benchmarked using total salaries.
Actual Previous Highest Lowest Dates Unit Frequency
4830873.00 4491305.00 4830873.00 2460239.00 2008 - 2025 KRW/Month Quarterly
Current Prices, NSA