Wages in Manufacturing in South Korea increased to 6012671 KRW/Month in the first quarter of 2026 from 5414003 KRW/Month in the fourth quarter of 2025. Wages in Manufacturing in South Korea averaged 3888791.30 KRW/Month from 2008 until 2026, reaching an all time high of 6012671.00 KRW/Month in the first quarter of 2026 and a record low of 2520139.00 KRW/Month in the second quarter of 2008. source: Ministry of Employment and Labor, South Korea

Wages in Manufacturing in South Korea is expected to be 5320000.00 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 Monthly Wages in Manufacturing is projected to trend around 54000000.00 KRW/Month in 2027 and 55000000.00 KRW/Month in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 29154.00 29120.00 Thousand Jun 2026
Employment Change 0.20 -0.10 Percent Jun 2026
Employment Rate 62.60 62.50 percent Jun 2026
Labor Force Participation Rate 65.20 65.20 percent Jun 2026
Minimum Wages 10320.00 10030.00 KRW/Hour Dec 2026
Population 51.68 51.75 Million Dec 2025
Productivity 117.70 118.00 points Mar 2026
Retirement Age Men 60.00 60.00 Years Dec 2026
Retirement Age Women 60.00 60.00 Years Dec 2026
Unemployed Persons 834.00 878.00 Thousand Jun 2026
Unemployment Rate 2.70 2.80 percent Jun 2026
Wages 4973731.00 4708760.00 KRW/Month Mar 2026
Wages in Manufacturing 6012671.00 5414003.00 KRW/Month Mar 2026
Youth Unemployment Rate 7.00 7.20 percent Jun 2026


South Korea Total Monthly Wages in Manufacturing
Actual Previous Highest Lowest Dates Unit Frequency
6012671.00 5414003.00 6012671.00 2520139.00 2008 - 2026 KRW/Month Quarterly
Current Prices, NSA