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 29266.00 29151.00 Thousand Sep 2026
Employment Change 0.40 0.60 Percent Sep 2026
Employment Rate 63.50 63.30 percent Sep 2026
Labor Force Participation Rate 64.80 64.60 percent Sep 2026
Minimum Wages 10320.00 10030.00 KRW/Hour Dec 2026
Population 51.68 51.75 Million Dec 2025
Productivity 117.60 117.60 points Jun 2026
Retirement Age Men 60.00 60.00 Years Dec 2026
Retirement Age Women 60.00 60.00 Years Dec 2026
Unemployed Persons 600.00 588.00 Thousand Sep 2026
Unemployment Rate 2.60 2.70 percent Sep 2026
Wages 4344298.00 4973731.00 KRW/Month Jun 2026
Wages in Manufacturing 4818101.00 6012671.00 KRW/Month Jun 2026
Youth Unemployment Rate 5.40 5.40 percent Sep 2026


South Korea Labour Costs
Actual Previous Highest Lowest Dates Unit Frequency
113.80 99.10 133.70 52.30 2008 - 2022 points Quarterly
NSA, 2015=100