Wages in South Korea decreased to 3585588 KRW/Month in the second quarter of 2019 from 4021244 KRW/Month in the first quarter of 2019. Wages in South Korea averaged 3130817.37 KRW/Month from 2008 until 2019, reaching an all time high of 4021244 KRW/Month in the first quarter of 2019 and a record low of 2460239 KRW/Month in the second quarter of 2008.

Wages in South Korea is expected to be 4075000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in South Korea to stand at 4027000.00 in 12 months time. In the long-term, the South Korea Total Wages is projected to trend around 4411000.00 KRW/Month in 2020, according to our econometric models.

South Korea Total Wages
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 4.00 7.10 3.00 percent [+]
Employed Persons 27196.00 27050.00 27196.00 20268.00 Thousand [+]
Unemployed Persons 867.00 1131.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.30 64.00 64.20 48.50 percent [+]
Productivity 108.00 111.30 111.50 53.50 Index Points [+]
Labour Costs 129.90 103.50 129.90 69.00 Index Points [+]
Wages 3585588.00 4021244.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3804036.00 4654149.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8350.00 7530.00 8350.00 600.00 KRW/Hour [+]
Population 51.61 51.36 51.61 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 7.10 9.70 13.40 3.80 percent [+]
Employment Rate 61.40 61.50 61.60 56.10 percent [+]


South Korea Total Wages

In South Korea, wages are benchmarked using total salaries. This page provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Wages - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3585588.00 4021244.00 4021244.00 2460239.00 2008 - 2019 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Argentina 42208.00 May/19
Australia 1237.90 Jun/19
Brazil 2286.00 Jul/19
Canada 25.74 Jun/19
China 82461.00 Dec/18
France 2988.00 Dec/16
Germany 3932.00 Mar/19
India 272.19 Dec/14
Italy 2467.00 Dec/18
Japan 427395.00 Jul/19
Mexico 380.72 Jul/19
Russia 45100.00 Aug/19
Singapore 5225.00 Jun/19
South Africa 20855.00 Mar/19
South Korea 3585588.00 Jun/19
Spain 1992.18 Jun/19
Switzerland 6291.00 Dec/18
United Kingdom 542.00 Jul/19
United States 23.59 Aug/19


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