Wages in South Korea decreased to 4491305 KRW/Month in the fourth quarter of 2024 from 4517147 KRW/Month in the third quarter of 2024. This dataset provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in South Korea increased to 5150250 KRW/Month in the fourth quarter of 2024 from 5076250 KRW/Month in the third quarter of 2024. This dataset provides - South Korea Total Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Korea's Occupational Wage Survey (OWS) is an annual business establishment survey conducted since 1970 by South Korea's Ministry of Labor. The dataset contains detailed information on individual workers' earnings, hours worked, educational attainment, actual labor market experience, occupation, industry, and region. The surveyed establishments must employ at least ten workers and were selected by a stratified random sampling method. Because they exclude workers in small enterprises, the self-employed, family workers, temporary workers, and public sector workers, the surveys represent approximately one-half of South Korea's total nonagricultural labor force. The samples for each year are randomly drawn from the original surveys. The surveys cover all industries up through 1986. After 1986, agriculture, forestry, hunting, and fishing are excluded. This change in sampling procedure does not appear to cause a significant change in the types of nonfarm enterprises covered by the survey.

South Korea Wage Rate data was reported at 50,650,145.667 KRW in 2026. This records an increase from the previous number of 48,290,160.483 KRW for 2025. South Korea Wage Rate data is updated yearly, averaging 16,506,363.772 KRW from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 50,650,145.667 KRW in 2026 and a record low of 234,586.485 KRW in 1970. South Korea Wage Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. WRT - Wage rate, total economy

Korea Wages: Permanent Employees (PE): Regular Wage (RW): Total: All data was reported at 2,879.489 KRW th in Jun 2018. This records an increase from the previous number of 2,869.105 KRW th for May 2018. Korea Wages: Permanent Employees (PE): Regular Wage (RW): Total: All data is updated monthly, averaging 2,511.073 KRW th from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 2,919.146 KRW th in Dec 2017 and a record low of 2,183.844 KRW th in Feb 2011. Korea Wages: Permanent Employees (PE): Regular Wage (RW): Total: All data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Minimum Wages in South Korea increased to 10030 KRW/Hour in 2025 from 9860 KRW/Hour in 2024. This dataset provides - South Korea Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea Household Income per Capita

• South Korea Annual Household Income per Capita reached 19,208.928 USD in Dec 2024, compared with the previous value of 19,230.954 USD in Dec 2023.
• South Korea Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2024, with an averaged value of 14,290.376 USD.
• The data reached an all-time high of 19,230.954 USD in Dec 2023 and a record low of 7,685.194 USD in Dec 2003.
• In the latest reports, Retail Sales of South Korea dropped 0.473 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from quarterly Monthly Household Income multiplied by 3 and quarterly Average Household Size and converts it into USD. Statistics Korea provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income excludes single person and farm households. Household Income per Capita prior to 2019 is based on old methodology.

This dataset provides values for WAGES IN MANUFACTURING reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Korea Wages: Manufacturing: 1 & Above data was reported at 4,214.534 KRW th in Sep 2018. This records an increase from the previous number of 3,635.022 KRW th for Aug 2018. Korea Wages: Manufacturing: 1 & Above data is updated monthly, averaging 3,318.707 KRW th from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 4,775.935 KRW th in Jan 2018 and a record low of 2,572.724 KRW th in May 2011. Korea Wages: Manufacturing: 1 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

South Korea Wages: Membership Org, Repair & Personal Serv (ORP): 1 & Above data was reported at 2,757.466 KRW th in Jan 2020. South Korea Wages: Membership Org, Repair & Personal Serv (ORP): 1 & Above data is updated monthly, averaging 2,757.466 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. South Korea Wages: Membership Org, Repair & Personal Serv (ORP): 1 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Korea Wages: PE: SP: Arts, Sports & Recreational: 30 to 99 data was reported at 105.564 KRW th in Apr 2018. This records a decrease from the previous number of 284.394 KRW th for Mar 2018. Korea Wages: PE: SP: Arts, Sports & Recreational: 30 to 99 data is updated monthly, averaging 225.993 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 1,278.728 KRW th in Dec 2012 and a record low of 40.202 KRW th in May 2014. Korea Wages: PE: SP: Arts, Sports & Recreational: 30 to 99 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G050: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

South Korea Wages: FSR: 100 to 299 data was reported at 2,406.578 KRW th in Jan 2020. South Korea Wages: FSR: 100 to 299 data is updated monthly, averaging 2,406.578 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. South Korea Wages: FSR: 100 to 299 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Wages: Arts, Sports & Recreational: 1 to 9 data was reported at 2,364.129 KRW th in Jan 2020. Wages: Arts, Sports & Recreational: 1 to 9 data is updated monthly, averaging 2,364.129 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: Arts, Sports & Recreational: 1 to 9 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Wages: EGS: 5 to 9 data was reported at 6,757.727 KRW th in Jan 2020. Wages: EGS: 5 to 9 data is updated monthly, averaging 6,757.727 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: EGS: 5 to 9 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Korea Wages: PE: OW: Manufacturing: 1 to 4 data was reported at 37.386 KRW th in Jun 2018. This records a decrease from the previous number of 44.333 KRW th for May 2018. Korea Wages: PE: OW: Manufacturing: 1 to 4 data is updated monthly, averaging 35.655 KRW th from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 47.322 KRW th in Oct 2015 and a record low of 14.260 KRW th in Oct 2012. Korea Wages: PE: OW: Manufacturing: 1 to 4 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Wages: PE: Education: 1 to 29 data was reported at 2,824.345 KRW th in Jan 2020. Wages: PE: Education: 1 to 29 data is updated monthly, averaging 2,824.345 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: PE: Education: 1 to 29 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Korea Wages: PE: OW: Membership Org, Repair & Personal Serv: 30 to 99 data was reported at 171.346 KRW th in Apr 2018. This records an increase from the previous number of 167.979 KRW th for Mar 2018. Korea Wages: PE: OW: Membership Org, Repair & Personal Serv: 30 to 99 data is updated monthly, averaging 169.035 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 261.933 KRW th in Aug 2011 and a record low of 111.854 KRW th in Dec 2012. Korea Wages: PE: OW: Membership Org, Repair & Personal Serv: 30 to 99 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G050: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Wages: EGS: 1 to 4 data was reported at 4,577.543 KRW th in Jan 2020. Wages: EGS: 1 to 4 data is updated monthly, averaging 4,577.543 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: EGS: 1 to 4 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Korea Wages: Transportation: 1 to 4 data was reported at 2,797.901 KRW th in Sep 2018. This records an increase from the previous number of 2,468.701 KRW th for Aug 2018. Korea Wages: Transportation: 1 to 4 data is updated monthly, averaging 2,163.111 KRW th from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 2,797.901 KRW th in Sep 2018 and a record low of 1,855.892 KRW th in May 2011. Korea Wages: Transportation: 1 to 4 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Info & Communication: 10 & Above data was reported at 4,391.926 KRW th in Apr 2018. This records a decrease from the previous number of 4,689.866 KRW th for Mar 2018. Korea Wages: Info & Communication: 10 & Above data is updated monthly, averaging 3,950.227 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 5,384.177 KRW th in Feb 2018 and a record low of 2,931.518 KRW th in Jan 2008. Korea Wages: Info & Communication: 10 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G050: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.