What is Korea monthly salary?
Posted inQuestion about South Korea

What is Korea monthly salary?

The monthly salary in Korea varies depending on factors such as industry, job title, location, education level, job experience, and company size. As of 2021, the average monthly salary in Korea is around KRW 3.5 million (approximately USD 3,000), which is relatively high compared to other countries. Korea also has one of the highest minimum wages globally at KRW 8,590 per hour (approximately USD 7.60). The gender salary gap in Korea exists with women earning approximately 63% of what men earn.
Posted inQuestion about South Korea

What is the average wage in Korea?

The average monthly wage in Korea is around 2.63 million won (approximately $2,300 USD), with factors such as education level, experience, industry type, and region of work affecting wages. The finance and technology sectors tend to offer higher salaries than service or retail industries, while jobs in agriculture or manual labor may pay less. The minimum wage in Korea is currently 9,160 won per hour (approximately $8 USD), and there is a gender wage gap where women earn around 63% of what men earn. Despite the overall positive trend in wage growth, challenges still exist such as ensuring that wages keep up with the rising cost of living and addressing issues such as unpaid overtime or lack of job security for some workers.