Wages in South Korea increased to 4021244 KRW/Month in the first quarter of 2019 from 3677034 KRW/Month in the fourth quarter of 2018. Wages in South Korea averaged 3120711.36 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 4075000.00 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 4027000.00 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.