Labour Costs in South Korea increased to 113.80 points in the third quarter of 2022 from 99.10 points in the second quarter of 2022. Labour Costs in South Korea averaged 91.43 points from 2008 until 2022, reaching an all time high of 133.70 points in the first quarter of 2019 and a record low of 52.30 points in the second quarter of 2010. source: Korea Productivity Center

Related	Last	Previous	Unit	Reference
Employed Persons	28413.00	27986.00	Thousand	Feb 2026
Employment Change	0.80	0.40	Percent	Feb 2026
Employment Rate	61.80	61.00	percent	Feb 2026
Labor Force Participation Rate	64.90	64.70	percent	Feb 2026
Minimum Wages	10320.00	10030.00	KRW/Hour	Dec 2026
Population	51.69	51.75	Million	Dec 2025
Productivity	96.10	101.50	points	Sep 2025
Retirement Age Men	60.00	60.00	Years	Dec 2026
Retirement Age Women	60.00	60.00	Years	Dec 2026
Unemployed Persons	993.00	1211.00	Thousand	Feb 2026
Unemployment Rate	2.90	3.00	percent	Feb 2026
Wages	4708760.00	4531450.00	KRW/Month	Dec 2025
Wages in Manufacturing	5414003.00	5045058.00	KRW/Month	Dec 2025
Youth Unemployment Rate	7.70	6.80	percent	Feb 2026