Wages in Manufacturing in South Korea increased to 4432727 KRW/Month in the first quarter of 2020 from 4149388 KRW/Month in the fourth quarter of 2019.

Wages in Manufacturing in South Korea averaged 3442206.71 KRW/Month from 2008 until 2020, reaching an all time high of 4654149 KRW/Month in the first quarter of 2019 and a record low of 2520139 KRW/Month in the second quarter of 2008. 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 - values, historical data and charts - was last updated on July of 2020. source: Ministry of Employment and Labor, South Korea

Wages in Manufacturing in South Korea is expected to be 3904000.00 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 4791000.00 in 12 months time. In the long-term, the South Korea Total Monthly Wages in Manufacturing is projected to trend around 4457000.00 KRW/Month in 2021 and 4627000.00 KRW/Month in 2022, according to our econometric models.

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South Korea Total Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
4432727.00 4149388.00 4654149.00 2520139.00 2008 - 2020 KRW/Month Quarterly
Current Prices, NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 3.80 7.10 3.00 percent [+]
Employed Persons 26657.00 26504.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 1242.00 1051.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 63.00 62.00 64.20 48.50 percent [+]
Labour Costs 101.50 111.40 129.90 69.00 points [+]
Productivity 115.80 110.10 115.80 53.50 points [+]
Wages 4003335.00 3806684.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4432727.00 4149388.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8590.00 8350.00 8590.00 600.00 KRW/Hour [+]
Population 51.71 51.61 51.71 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 10.30 9.10 13.40 3.80 percent [+]
Employment Rate 59.40 59.50 61.70 56.10 percent [+]