Posted inQuestion about South Korea
What is the average South Korean salary?
South Korea's average salary was approximately 3.8 million won (USD 3,200) per month in 2020, with factors such as job position, experience, and industry influencing salary levels. Despite overall increases in average salaries, there are still significant income disparities in the country, with the top 10% of earners making over four times more than the bottom 10%. The gender pay gap is also a persistent issue in South Korea, with women earning approximately 63% of what men earn on average. The COVID-19 pandemic has had a significant impact on salaries in South Korea, with some industries seeing an increase in demand while others have had to reduce salaries or lay off workers due to the economic downturn caused by the pandemic.