Wages in South Korea increased to 3863726 KRW/Month in the third quarter of 2019 from 3585588 KRW/Month in the second quarter of 2019.

Wages in South Korea averaged 3146411.17 KRW/Month from 2008 until 2019, reaching an all time high of 4021244 KRW/Month in the first quarter of 2019 and a record low of 2460239 KRW/Month in the second quarter of 2008. This page provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Ministry of Employment and Labor, South Korea

Wages in South Korea is expected to be 4041000.00 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 4291000.00 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.

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South Korea Total Wages

Actual Previous Highest Lowest Dates Unit Frequency
3863726.00 3585588.00 4021244.00 2460239.00 2008 - 2019 KRW/Month Quarterly
Current Prices, NSA

South Korea Total Wages
In South Korea, wages are benchmarked using total salaries.