Wages in Manufacturing in South Korea decreased to 3922407 KRW/Month in the fourth quarter of 2018 from 4067903 KRW/Month in the third quarter of 2018. Wages in Manufacturing in South Korea averaged 3346526.18 KRW/Month from 2008 until 2018, reaching an all time high of 4562783 KRW/Month in the first quarter of 2018 and a record low of 2520139 KRW/Month in the second quarter of 2008.

Wages in Manufacturing in South Korea is expected to be 4059000.00 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 5032000.00 in 12 months time. In the long-term, the South Korea Total Monthly Wages in Manufacturing is projected to trend around 4717000.00 KRW/Month in 2020, according to our econometric models.

South Korea Total Monthly Wages in Manufacturing
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.10 3.80 7.10 3.00 percent [+]
Employed Persons 27088.00 27059.00 27088.00 20268.00 Thousand [+]
Unemployed Persons 1058.00 1033.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.60 63.10 63.90 48.50 percent [+]
Productivity 111.50 109.80 111.50 53.50 Index Points [+]
Labour Costs 103.10 109.40 149.40 91.30 Index Points [+]
Wages 3359019.00 3737254.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3922407.00 4067903.00 4562783.00 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 11.70 10.90 13.40 3.80 percent [+]
Employment Rate 60.40 59.40 61.60 56.10 percent [+]


South Korea Total Monthly Wages in Manufacturing

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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3922407.00 4067903.00 4562783.00 2520139.00 2008 - 2018 KRW/Month Quarterly
Current Prices, NSA




Country Last Previous
Australia 1340.30 Dec/18
Brazil 2303.00 Mar/19
Canada 25.95 Feb/19
China 64452.00 Dec/17
France 102.20 Dec/18
Germany 115.00 Feb/19
India 347.30 Dec/14
Indonesia 2703980.52 Sep/18
Italy 102.10 Mar/19
Japan 355502.00 Mar/19
Mexico 2.50 Feb/19
Netherlands 116.20 Apr/19
Russia 47231.00 Dec/18
South Africa 18510.00 Dec/18
South Korea 3922407.00 Dec/18
Switzerland 113.10 Dec/17
Turkey 167.74 Dec/18
United Kingdom 603.00 Mar/19
United States 22.04 Apr/19


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