Wages in South Korea decreased to 3773068 KRW/Month in the second quarter of 2021 from 4187464 KRW/Month in the first quarter of 2021. source: Ministry of Employment and Labor, South Korea

Wages in South Korea averaged 3241340.35 KRW/Month from 2008 until 2021, reaching an all time high of 4187464 KRW/Month in the first quarter of 2021 and a record low of 2460239 KRW/Month in the second quarter of 2008. This page provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Wages - values, historical data and charts - was last updated on October of 2021.

Wages in South Korea is expected to be 3962000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Total Wages is projected to trend around 4121000.00 KRW/Month in 2022 and 4211000.00 KRW/Month in 2023, according to our econometric models.

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South Korea Total Wages

South Korea Last Unit Reference Previous Highest Lowest
Wages 3773068.00 KRW/Month Jun/21 4187464.00 4187464.00 2460239.00
Wages in Manufacturing 4022810.00 KRW/Month Jun/21 4710398.00 4710398.00 2520139.00

South Korea Total Wages
In South Korea, wages are benchmarked using total salaries.