Wages in South Korea increased to 3737254 KRW/Month in the third quarter of 2018 from 3457189 KRW/Month in the second quarter of 2018. Wages in South Korea averaged 3086831 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 4167000.00 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 4041000.00 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.40 3.80 7.10 3.00 percent [+]
Employed Persons 26922.00 26889.00 26966.00 20268.00 Thousand [+]
Unemployed Persons 1225.00 1059.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 61.90 62.20 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 3737254.00 3457189.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4067903.00 3692181.00 4562783.00 2520139.00 KRW/Month [+]
Minimum Wages 8350.00 7530.00 8350.00 600.00 KRW/Hour [+]
Population 51.45 51.25 51.45 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 8.70 8.60 13.40 3.80 percent [+]
Employment Rate 60.10 61.40 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3737254.00 3457189.00 3917383.00 2460239.00 2008 - 2018 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Argentina 35063.00 Nov/18
Australia 1207.40 Jun/18
Brazil 2254.00 Dec/18
Canada 25.46 Nov/18
China 74318.00 Dec/17
France 2998.00 Dec/15
Germany 3875.00 Jun/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 692030.00 Dec/18
Mexico 354.35 Dec/18
Russia 55150.00 Dec/18
Singapore 4962.00 Sep/18
South Africa 20860.00 Sep/18
South Korea 3737254.00 Sep/18
Spain 1842.62 Sep/18
Switzerland 6260.00 Dec/17
Turkey 2207.00 Dec/14
United Kingdom 527.00 Nov/18
United States 23.12 Jan/19


Related

Latest