Wages in South Korea increased to 4021244 KRW/Month in the first quarter of 2019 from 3359019 KRW/Month in the fourth quarter of 2018. Wages in South Korea averaged 3113644.36 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.

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 4.00 4.10 7.10 3.00 percent [+]
Employed Persons 27037.00 26972.00 27088.00 20268.00 Thousand [+]
Unemployed Persons 1134.00 1139.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 64.00 63.60 64.00 48.50 percent [+]
Productivity 111.50 112.10 112.10 53.50 Index Points [+]
Labour Costs 103.10 106.80 125.40 69.00 Index Points [+]
Wages 4021244.00 3359019.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4654149.00 3922407.00 4654149.00 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 10.10 11.70 13.40 3.80 percent [+]
Employment Rate 61.50 60.80 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4021244.00 3359019.00 4021244.00 2460239.00 2008 - 2019 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Argentina 41359.00 Mar/19
Australia 1225.30 Dec/18
Brazil 2295.00 Apr/19
Canada 25.53 Mar/19
China 82461.00 Dec/18
France 2988.00 Dec/16
Germany 3938.00 Dec/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 312362.00 Apr/19
Mexico 373.70 Apr/19
Russia 47020.00 Apr/19
Singapore 6005.00 Mar/19
South Africa 21190.00 Dec/18
South Korea 4021244.00 Mar/19
Spain 2039.01 Dec/18
Switzerland 6291.00 Dec/18
United Kingdom 532.00 Apr/19
United States 23.38 May/19


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