Try our corporate solution for free!
(212) 419-8286

Average annual wage in South Korea 2000-2019

In 2019, the average annual wage in South Korea reached 42,285 U.S. dollars after adjusting for purchasing power parity (PPP). The average salary in South Korea has steadily increased within the given period and the monthly wage was projected to reach around 5.4 thousand U.S. dollars in 2040, the highest value among the leading countries.

Women in the job market

The influence of women on the Korean economy is steadily rising. In 2018, the female employment rate reached its highest level, while the employment rate of the male population declined from the previous year. In Korea, about 70 percent of the male population and about 50 percent of the female population are employed. While the economic activity of women continues to increase, the gender pay gap still exists. On average, female workers earned about 66.6 percent of their male equivalents’ income. The average monthly income in South Korea is around 3.37 million South Korean won for men and about 2.1 million South Korean won for women. The average monthly income difference between men and women was highest among people aged 50 to 59 years old. By age group, men in their 40s and women in their 30s had the highest average earnings.

Work-life balance

Korea was ranked 3rd for the longest working time in the world. Many Korean workers contributed to the successful and rapid economic growth of Korea. At the same time, working hours also increased. In recent years, however, various measures have been put in place for workers, such as the 52-hour weekly work schedule and the flexible working system, to maintain a work-life balance. In fact, the percentage of companies with a flexible working hours system grew to 37.1 percent, an increase of about 15 percent over the past three years. The average monthly working hours of Korean workers has decreased over the past decade; in 2018, Koreans worked an average of 156.4 hours per month. According to a survey, seven out of ten Koreans said they would choose to work for a company where they can have a work-life balance over a higher salary. This tendency was greater, particularly among parents with children.

Average annual wage in South Korea adjusted for Purchasing Power Parity from 2000 to 2019

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in

Release date

October 2019


South Korea

Survey time period

2000 to 2019

Supplementary notes

Figures are displayed in constant 2019 U.S. dollars adjusted for Purchasing Power Parity (PPP).

Release date is the day of data access.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Employment in Finland"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.