Wages in South Korea decreased to 3359019 KRW/Month in the fourth quarter of 2018 from 3737254 KRW/Month in the third quarter of 2018. Wages in South Korea averaged 3093017.09 KRW/Month from 2008 until 2018, reaching an all time high of 3917383 KRW/Month in the first quarter of 2018 and a record low of 2460239 KRW/Month in the second quarter of 2008.

Wages in South Korea is expected to be 3832000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in South Korea to stand at 4362000.00 in 12 months time. In the long-term, the South Korea Total Wages is projected to trend around 4411000.00 KRW/Month in 2020, according to our econometric models.

South Korea Total Wages
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.70 7.10 3.00 percent [+]
Employed Persons 27088.00 27059.00 27088.00 20268.00 Thousand [+]
Unemployed Persons 1058.00 1033.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.10 62.30 63.90 48.50 percent [+]
Productivity 109.80 109.20 109.80 53.50 Index Points [+]
Labour Costs 109.40 96.50 149.40 91.30 Index Points [+]
Wages 3359019.00 3737254.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3922407.00 4067903.00 4562783.00 2520139.00 KRW/Month [+]
Minimum Wages 8350.00 7530.00 8350.00 600.00 KRW/Hour [+]
Population 51.61 51.36 51.61 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 10.90 9.30 13.40 3.80 percent [+]
Employment Rate 60.40 59.40 61.60 56.10 percent [+]


South Korea Total Wages

In South Korea, wages are benchmarked using total salaries. This page provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Wages - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3359019.00 3737254.00 3917383.00 2460239.00 2008 - 2018 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Argentina 35063.00 Nov/18
Australia 1225.30 Dec/18
Brazil 2285.00 Feb/19
Canada 25.44 Jan/19
China 74318.00 Dec/17
France 2998.00 Dec/15
Germany 3899.00 Sep/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 296402.00 Feb/19
Mexico 373.60 Feb/19
Russia 45000.00 Mar/19
Singapore 5752.00 Dec/18
South Africa 21190.00 Dec/18
South Korea 3359019.00 Dec/18
Spain 2039.01 Dec/18
Switzerland 6260.00 Dec/17
United Kingdom 529.00 Feb/19
United States 23.24 Mar/19


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