Wages in Manufacturing in South Korea increased to 4199394 KRW/Month in the third quarter of 2019 from 3804036 KRW/Month in the second quarter of 2019.

Wages in Manufacturing in South Korea averaged 3406085.40 KRW/Month from 2008 until 2019, 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. source: Ministry of Employment and Labor, South Korea

Wages in Manufacturing in South Korea is expected to be 4347000.00 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 4519000.00 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.


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South Korea Total Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
4199394.00 3804036.00 4654149.00 2520139.00 2008 - 2019 KRW/Month Quarterly
Current Prices, NSA
South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.60 7.10 3.00 percent [+]
Employed Persons 27381.00 27264.00 27381.00 20268.00 Thousand [+]
Unemployed Persons 1068.00 1026.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 62.90 63.60 64.20 48.50 percent [+]
Labour Costs 111.40 99.20 129.90 69.00 points [+]
Productivity 110.10 108.50 111.50 53.50 points [+]
Wages 3863726.00 3585588.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4199394.00 3804036.00 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 7.30 7.10 13.40 3.80 percent [+]
Employment Rate 60.80 61.70 61.70 56.10 percent [+]