Labour Costs in South Korea decreased to 96.50 Index Points in the second quarter of 2018 from 127.70 Index Points in the first quarter of 2018. Labour Costs in South Korea averaged 115.40 Index Points from 2008 until 2018, reaching an all time high of 149.40 Index Points in the first quarter of 2016 and a record low of 91.30 Index Points in the second quarter of 2011.
Labour Costs in South Korea is expected to be 137.00 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 118.55 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.