Wages in South Korea decreased to 4344298 KRW/Month in the second quarter of 2026 from 4973731 KRW/Month in the first quarter of 2026. Wages in South Korea averaged 3553675.35 KRW/Month from 2008 until 2026, reaching an all time high of 4973731.00 KRW/Month in the first quarter of 2026 and a record low of 2460239.00 KRW/Month in the second quarter of 2008. source: Ministry of Employment and Labor, South Korea

Wages in South Korea is expected to be 5050000.00 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 5250000.00 KRW/Month in 2027 and 5450000.00 KRW/Month in 2028, according to our econometric models.



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 Total Wages
In South Korea, wages are benchmarked using total salaries.
Actual Previous Highest Lowest Dates Unit Frequency
4344298.00 4973731.00 4973731.00 2460239.00 2008 - 2026 KRW/Month Quarterly
Current Prices, NSA

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