Wages in Manufacturing in South Korea increased to 4067903 KRW/Month in the third quarter of 2018 from 3692181 KRW/Month in the second quarter of 2018. Wages in Manufacturing in South Korea averaged 3333133.60 KRW/Month from 2008 until 2018, reaching an all time high of 4562783 KRW/Month in the first quarter of 2018 and a record low of 2520139 KRW/Month in the second quarter of 2008.

Wages in Manufacturing in South Korea is expected to be 4837000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in South Korea to stand at 4347000.00 in 12 months time. In the long-term, the South Korea Total Monthly Wages in Manufacturing is projected to trend around 4717000.00 KRW/Month in 2020, according to our econometric models.

South Korea Total Monthly Wages in Manufacturing
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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 Monthly Wages in Manufacturing

This page provides - South Korea Total Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Monthly Wages in Manufacturing - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4067903.00 3692181.00 4562783.00 2520139.00 2008 - 2018 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Australia 1304.50 Jun/18
Brazil 2227.00 Dec/18
Canada 25.65 Nov/18
China 64452.00 Dec/17
France 102.00 Sep/18
Germany 186.40 Nov/18
India 347.30 Dec/14
Indonesia 2703980.52 Sep/18
Italy 113.70 Dec/18
Japan 839280.00 Dec/18
Mexico 2.30 Nov/18
Netherlands 115.10 Jan/19
Russia 40462.00 Oct/18
South Africa 18344.00 Sep/18
South Korea 4067903.00 Sep/18
Switzerland 113.10 Dec/17
Turkey 166.50 Sep/18
United Kingdom 603.00 Nov/18
United States 21.86 Jan/19


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