Wages in Manufacturing in South Korea increased to 4654149 KRW/Month in the first quarter of 2019 from 3922407 KRW/Month in the fourth quarter of 2018. Wages in Manufacturing in South Korea averaged 3375584.47 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.

Wages in Manufacturing in South Korea is expected to be 4059000.00 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 5032000.00 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 4.00 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 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4654149.00 3922407.00 4654149.00 2520139.00 2008 - 2019 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Australia 1340.30 Dec/18
Brazil 2303.00 Mar/19
Canada 25.73 Mar/19
China 72088.00 Dec/18
France 102.20 Dec/18
Germany 115.10 Mar/19
India 347.30 Dec/14
Indonesia 2653267.53 Mar/19
Italy 102.20 Apr/19
Japan 342743.00 Apr/19
Mexico 2.50 Feb/19
Netherlands 116.30 May/19
Russia 40200.00 Feb/19
South Africa 18510.00 Dec/18
South Korea 4654149.00 Mar/19
Switzerland 113.10 Dec/17
Turkey 183.07 Mar/19
United Kingdom 612.00 Apr/19
United States 22.04 May/19


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