Labour Costs in South Korea decreased to 103.10 Index Points in the fourth quarter of 2018 from 109.40 Index Points in the third quarter of 2018. Labour Costs in South Korea averaged 114.99 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 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 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 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.10 109.40 149.40 91.30 2008 - 2018 Index Points Quarterly
NSA, 2010=100




Country Last Previous
Australia 103.60 Dec/18
Brazil 113.52 Mar/19
Canada 107.34 Dec/18
China 104.30 Mar/19
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 85.70 Feb/19
Netherlands 108.30 Dec/18
Singapore 117.00 Dec/18
South Africa 154.00 Sep/18
South Korea 103.10 Dec/18
Spain 106.00 Dec/18
Turkey 162.85 Dec/18
United Kingdom 105.60 Dec/18
United States 109.69 Mar/19


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