Labour Costs in South Korea increased to 129.90 Index Points in the first quarter of 2019 from 103.50 Index Points in the fourth quarter of 2018. Labour Costs in South Korea averaged 90.53 Index Points from 2008 until 2019, reaching an all time high of 129.90 Index Points in the first quarter of 2019 and a record low of 69 Index Points in the second quarter of 2010.

Labour Costs in South Korea is expected to be 138.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in South Korea to stand at 140.00 in 12 months time. In the long-term, the South Korea Labour Costs is projected to trend around 142.00 Index Points in 2020, according to our econometric models.

South Korea Labour Costs
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South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.10 4.00 7.10 3.00 percent [+]
Employed Persons 27196.00 27050.00 27196.00 20268.00 Thousand [+]
Unemployed Persons 867.00 1131.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.30 64.00 64.20 48.50 percent [+]
Productivity 108.00 111.30 111.50 53.50 Index Points [+]
Labour Costs 129.90 103.50 129.90 69.00 Index Points [+]
Wages 3585588.00 4021244.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3804036.00 4654149.00 4654149.00 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 7.10 9.70 13.40 3.80 percent [+]
Employment Rate 61.40 61.50 61.60 56.10 percent [+]


South Korea Labour Costs

This page provides - South Korea Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Labour Costs - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
129.90 103.50 129.90 69.00 2008 - 2019 Index Points Quarterly
NSA, 2015=100




Country Last Previous
Australia 105.10 Jun/19
Brazil 117.56 Jul/19
Canada 108.85 Jun/19
China 104.30 Jun/19
Euro Area 110.50 Jun/19
France 107.60 Jun/19
Germany 108.22 Jun/19
Italy 111.90 Jun/19
Mexico 96.20 Jul/19
Netherlands 105.20 Mar/19
Singapore 99.50 Jun/19
South Africa 156.20 Dec/18
South Korea 129.90 Mar/19
Spain 104.80 Jun/19
Turkey 200.63 Jun/19
United Kingdom 105.50 Mar/19
United States 111.98 Jun/19


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