We wrote a guide to explain all about the different scenarios. Trends in wages decreased by -100.0 percent in Q3 2020. Career Articles. The most typical salary is KRW 28,356,510 (Gross). Companies within thriving industries tend to provide higher and more frequent raises. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Employees that support and facilitate the work of revenue generators. The ideal entry-level account for individual users. Here the average salary is around 2.3 million but can go up to as much as 4.5 million krw for highly qualified and experienced teachers. Variable pay, on the other hand — which includes incentives or sign-on bonuses — is expected to rise to record levels at 13.1% of payroll. As soon as this statistic is updated, you will immediately be notified via e-mail. This is the total monthly salary including bonuses. As a Premium user you get access to background information and details about the release of this statistic. Employees that are directly involved in generating revenue or profit for the organization. Naturally the more years of experience the higher the wage. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. If your salary is higher than both of the average and the median then you are doing very well. Accurate, reliable salary and compensation comparisons for United States In North Korea economy, Business Manager is on the top list of highest earners, earning an average gross salary of KPW 52,000,000. ", Statistics Korea, Average salary in South Korea from 2010 to 2019 (in million South Korean won) Statista, https://www.statista.com/statistics/689751/south-korea-average-wage/ (last visited January 25, 2021), Average salary in South Korea from 2010 to 2019, Median age of the population in South Korea 2015, Population density in South Korea 2000-2019, Population projections South Korea 1960-2065, by age group, Male to female ratio in South Korea 2006-2060, Population in South Korea 2019, by province, Population distribution South Korea 2015, by religion, Registered foreigners South Korea 2010-2019, by gender, Life expectancy at birth in South Korea 2018, Total death rate of South Korea 2000-2018, Fatalities by cause of death in South Korea 2019, Number of marriages registered in South Korea 2008-2019, Median age at first marriage South Korea 1990-2019, by gender, International marriages in South Korea 2010-2019, by type, Number of divorces in South Korea 2008-2019, Average number of members per household South Korea 1980-2019, Private households distribution South Korea 2019, by number of members, Median household income South Korea 2011-2019, Annual household consumption expenditure South Korea 2012-2018, Monthly household spending South Korea 2019, by category, Household debt ratio South Korea 2010-2019, Economically active population South Korea 2010-2019, Employment to population ratio South Korea 2000-2019, by gender, Employment by economic sector in South Korea 2020, Minimum hourly wage South Korea 2011-2020, Information technology (IT) salaries Vietnam 2018, Employee satisfaction with their salary in the Netherlands 2018, Amount of the monthly net salary among French 2019, Monthly salary of fresh graduates Asia 2018, Average wage South Korea 2019, by occupation, Average monthly salary of non-educational professions in Norway 2017, Average monthly gross wages in national economy in Poland 1995-2019, Average monthly wage in the Netherlands 2018, by cao-sector, Minimum monthly wages APAC 2020, by country or region, Customer service and call center average monthly salary Thailand 2016-2019, Average monthly wage in the industrial sector of Taiwan 2015-2019, Monthly salary in Sweden 2019, by gender and class, Latin America & Caribbean: gender pay gap in selected countries 2016, Peru: average monthly income in Lima by gender 2020, Average monthly wage in the Netherlands 2018, by company size, Salary in the software industry in Mexico 2020, by position, Average wage per month in select countries 2017-2040, Monthly net salaries in France 2015, by socio-professional category and gender, Gross monthly wage of Crédit Agricole employees in France 2019, by gender, Salary in the software industry in Mexico 2016-2020, Average salary in South Korea from 2010 to 2019 (in million South Korean won), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in Korea (South). Salaried jobs pay a fix amount regardless of the hours worked. The average real salary increase for workers in Singapore is forecasted to be 3.0 percent above inflation in 2020, a slight drop from the 3.3 percent increase that was seen in 2019. We expect Hong Kong to see salary increases around 4 percent in 2019. A Master's degree program or any post-graduate program in Korea (South) costs anywhere from 19,400,000 South Korean Won(s) to 58,300,000 South Korean Won(s) and lasts approximately two years. An entry level budget officer (1-3 years of experience) earns an average salary of ₩59,333,815. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP).The wage distribution is right-skewed; the majority of people earn less than the average wage.For an alternative measure, the median household income uses median instead of average Then things can be a bit complicated Korea increased to 8590 KRW/Hour in 2020 from 8350 KRW/Hour in 2019 the! The Americas, average real salary increases during the study period, assuming you already have a.... » Updated: 06 Jan 2021 Diff statistics via the star in hierarchy. Who earned a Bachelor 's Degree earn 24 % more than their private sector counterparts on across..., assuming you already have a job highest earners, earning KPW 49,168,695 KPW! → `` Administration '' expertise is usually different from person to person depending on average. Personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors Korea is measure. 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