Wages in Manufacturing in South Korea decreased to 3803701 KRW/Month in the second quarter of 2020 from 4432727 KRW/Month in the first quarter of 2020.

Wages in Manufacturing in South Korea averaged 3449436.60 KRW/Month from 2008 until 2020, reaching an all time high of 4654149 KRW/Month in the first quarter of 2019 and a record low of 2520139 KRW/Month in the second quarter of 2008. This page provides - South Korea Total Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Monthly Wages in Manufacturing - values, historical data and charts - was last updated on October of 2020. source: Ministry of Employment and Labor, South Korea

Wages in Manufacturing in South Korea is expected to be 4222000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in South Korea to stand at 4371000.00 in 12 months time. In the long-term, the South Korea Total Monthly Wages in Manufacturing is projected to trend around 4307000.00 KRW/Month in 2021 and 4427000.00 KRW/Month in 2022, according to our econometric models.

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South Korea Total Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
3803701.00 4432727.00 4654149.00 2520139.00 2008 - 2020 KRW/Month Quarterly
Current Prices, NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.20 7.10 3.00 percent [+]
Employed Persons 26787.00 26922.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 1088.00 891.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 62.50 62.40 64.20 48.50 percent [+]
Labour Costs 119.30 101.50 129.90 69.00 points [+]
Productivity 109.10 115.80 115.80 53.50 points [+]
Wages 3615931.00 4003335.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3803701.00 4432727.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8590.00 8350.00 8590.00 600.00 KRW/Hour [+]
Population 51.71 51.61 51.71 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 8.90 7.70 13.40 3.80 percent [+]
Employment Rate 60.40 60.50 61.70 56.10 percent [+]