Wages in South Korea decreased to 4293856 KRW/Month in the second quarter of 2025 from 4830873 KRW/Month in the first quarter of 2025. This dataset provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in South Korea decreased to 4689233 KRW/Month in the second quarter of 2025 from 5582097 KRW/Month in the first quarter of 2025. This dataset provides - South Korea Total Monthly Wages in Manufacturing - 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.

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.

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.

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.

Korea Wages: PE: OW: Professional, Scientific & Technical: 1 & Above data was reported at 81.287 KRW th in Jun 2018. This records an increase from the previous number of 76.977 KRW th for May 2018. Korea Wages: PE: OW: Professional, Scientific & Technical: 1 & Above data is updated monthly, averaging 55.791 KRW th from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 81.287 KRW th in Jun 2018 and a record low of 42.447 KRW th in Feb 2012. Korea Wages: PE: OW: Professional, Scientific & Technical: 1 & 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.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

The Personal Income Tax Rate in South Korea stands at 45 percent. This dataset provides - South Korea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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: 5 to 299 data was reported at 3,306.506 KRW th in Apr 2018. This records an increase from the previous number of 3,287.706 KRW th for Mar 2018. Korea Wages: Manufacturing: 5 to 299 data is updated monthly, averaging 2,698.932 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 3,759.630 KRW th in Feb 2018 and a record low of 2,079.469 KRW th in Nov 2008. Korea Wages: Manufacturing: 5 to 299 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: Health & Social Works: 1 to 29 data was reported at 2,337.717 KRW th in Jan 2020. Wages: Health & Social Works: 1 to 29 data is updated monthly, averaging 2,337.717 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: Health & Social Works: 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.

Wages: Education: 5 & Above data was reported at 4,591.747 KRW th in Jan 2020. Wages: Education: 5 & Above data is updated monthly, averaging 4,591.747 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: Education: 5 & 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.

Wages: Arts, Sports & Recreational: 5 & Above data was reported at 3,551.210 KRW th in Jan 2020. Wages: Arts, Sports & Recreational: 5 & Above data is updated monthly, averaging 3,551.210 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: Arts, Sports & Recreational: 5 & 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.

South Korea Wages: ORP: 10 & Above data was reported at 3,497.493 KRW th in Jan 2020. South Korea Wages: ORP: 10 & Above data is updated monthly, averaging 3,497.493 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. South Korea Wages: ORP: 10 & 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.

South Korea Wages: FSR: 300 & Above data was reported at 2,362.136 KRW th in Jan 2020. South Korea Wages: FSR: 300 & Above data is updated monthly, averaging 2,362.136 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. South Korea Wages: FSR: 300 & 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.

Wages: PE: EGS: 1 & Above data was reported at 5,961.710 KRW th in Jan 2020. Wages: PE: EGS: 1 & Above data is updated monthly, averaging 5,961.710 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: PE: EGS: 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.

Wages: PE: EGS: 100 to 299 data was reported at 6,907.941 KRW th in Jan 2020. Wages: PE: EGS: 100 to 299 data is updated monthly, averaging 6,907.941 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. Wages: PE: EGS: 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.

Korea Wages: Manufacturing: 1 to 4 data was reported at 2,472.747 KRW th in Sep 2018. This records an increase from the previous number of 2,238.445 KRW th for Aug 2018. Korea Wages: Manufacturing: 1 to 4 data is updated monthly, averaging 1,968.034 KRW th from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 2,472.747 KRW th in Sep 2018 and a record low of 1,645.195 KRW th in Apr 2011. Korea Wages: 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 South Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

South Korea Wages: TD: Real Estate: 100 to 299 data was reported at 809.760 KRW th in Jan 2020. South Korea Wages: TD: Real Estate: 100 to 299 data is updated monthly, averaging 809.760 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. South Korea Wages: TD: Real Estate: 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.