Labour Costs in South Korea increased to 129.90 Index Points in the first quarter of 2019 from 103.50 Index Points in the fourth quarter of 2018. Labour Costs in South Korea averaged 90.53 Index Points from 2008 until 2019, reaching an all time high of 129.90 Index Points in the first quarter of 2019 and a record low of 69 Index Points in the second quarter of 2010.
Labour Costs in South Korea is expected to be 138.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in South Korea to stand at 140.00 in 12 months time. In the long-term, the South Korea Labour Costs is projected to trend around 142.00 Index Points in 2020, according to our econometric models.