Wages in Manufacturing in South Korea increased to 4710398 KRW/Month in the first quarter of 2021 from 4248573 KRW/Month in the fourth quarter of 2020. source: Ministry of Employment and Labor, South Korea

Wages in Manufacturing in South Korea averaged 3503075.74 KRW/Month from 2008 until 2021, reaching an all time high of 4710398 KRW/Month in the first quarter of 2021 and a record low of 2520139 KRW/Month in the second quarter of 2008. This page provides - South Korea Total Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Monthly Wages in Manufacturing - values, historical data and charts - was last updated on July of 2021.

Wages in Manufacturing in South Korea is expected to be 4871000.00 KRW/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in South Korea to stand at 4651000.00 in 12 months time. In the long-term, the South Korea Total Monthly Wages in Manufacturing is projected to trend around 4427000.00 KRW/Month in 2022 and 4547000.00 KRW/Month in 2023, according to our econometric models.

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South Korea Total Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
4710398.00 4248573.00 4710398.00 2520139.00 2008 - 2021 KRW/Month Quarterly
Current Prices, NSA

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.80 7.10 3.00 percent [+]
Employed Persons 27331.00 27313.00 27508.00 20268.00 Thousand [+]
Unemployed Persons 1049.00 1073.00 1546.00 695.00 Thousand [+]
Labor Force Participation Rate 63.00 63.00 64.20 48.50 percent [+]
Labour Costs 103.80 109.30 129.90 69.00 points [+]
Productivity 119.40 113.50 119.40 53.50 points [+]
Wages 4187464.00 3868678.00 4187464.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4710398.00 4248573.00 4710398.00 2520139.00 KRW/Month [+]
Minimum Wages 8720.00 8590.00 8720.00 600.00 KRW/Hour [+]
Population 51.78 51.71 51.78 25.01 Million [+]
Retirement Age Women 62.00 60.00 62.00 55.00 [+]
Retirement Age Men 62.00 60.00 62.00 55.00 [+]
Youth Unemployment Rate 8.80 9.30 13.40 3.80 percent [+]
Employment Rate 61.30 61.20 61.70 56.10 percent [+]