Wages in Manufacturing in South Korea increased to 4248573 KRW/Month in the fourth quarter of 2020 from 4232213 KRW/Month in the third quarter of 2020. source: Ministry of Employment and Labor, South Korea

Wages in Manufacturing in South Korea averaged 3479858 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 May of 2021.

Wages in Manufacturing in South Korea is expected to be 4511000.00 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 4307000.00 in 12 months time. In the long-term, the South Korea Total Monthly Wages in Manufacturing is projected to trend around 4427000.00 KRW/Month in 2022 and 4547000.00 KRW/Month in 2023, according to our econometric models.

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South Korea Total Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
4248573.00 4232213.00 4654149.00 2520139.00 2008 - 2020 KRW/Month Quarterly
Current Prices, NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.90 7.10 3.00 percent [+]
Employed Persons 27212.00 27145.00 27508.00 20268.00 Thousand [+]
Unemployed Persons 1032.00 1095.00 1546.00 695.00 Thousand [+]
Labor Force Participation Rate 63.00 62.50 64.20 48.50 percent [+]
Labour Costs 103.80 109.30 129.90 69.00 points [+]
Productivity 119.40 113.50 119.40 53.50 points [+]
Wages 3868678.00 3895894.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4248573.00 4232213.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8720.00 8590.00 8720.00 600.00 KRW/Hour [+]
Population 51.78 51.71 51.78 25.01 Million [+]
Retirement Age Women 62.00 60.00 62.00 55.00 [+]
Retirement Age Men 62.00 60.00 62.00 55.00 [+]
Employment Rate 59.80 58.60 61.70 56.10 percent [+]
Youth Unemployment Rate 10.00 10.00 13.40 3.80 percent [+]