GITNUX MARKETDATA REPORT 2024

Statistics About The Average Korean Salary

The average salary in South Korea is around 38.85 million South Korean won per year, as of 2020.

With sources from: data.oecd.org, statista.com, salaryexplorer.com, prospects.ac.uk and many more

Statistic 1

The average income for a Korean household was 58.6 million won ($53,000) in 2020.

Statistic 2

The average disposable income of households in South Korea rose 2.1% from 2019 to 2020.

Statistic 3

The average gross monthly salary in South Korea in 2020 was around 3.74 million South Korean won.

Statistic 4

In 2018, the average annual earnings for all wage and salaried workers stood at around 42 million South Korean won.

Statistic 5

The average salary of professional workers in South Korea grew to approximately 3.49 million South Korean won per month in 2020.

Statistic 6

In 2018, full-time workers in South Korea worked an average of 211.1 hours per month.

Statistic 7

The annual earnings for men in South Korea was significantly higher than that of women in 2020.

Statistic 8

Employees in South Korea are likely to observe a salary increase of approximately 9% every 15 months.

Statistic 9

Those in the telecommunications industry in South Korea on average make around 50,665,225 krw/year.

Statistic 10

The highest average gross salaries in South Korea are earned by those in Insurance (KRW 126,462,275).

Statistic 11

In South Korea, around 25% of households had an annual income below 30 million South Korean won in 2020.

Statistic 12

As of 2020, average rent for a one bedroom apartment in the city center of Seoul was about 1 billion South Korean won per year.

Statistic 13

In South Korea, the median monthly wage for female employees was approximately 2.26 million South Korean won.

Statistic 14

Employees that hold a Doctorate Degree enjoy the highest average gross income of KRW 72,330,950.

Statistic 15

The average salary in South Korea for a nurse is between 2 million and 3.5 million won.

Statistic 16

In South Korea, 3.5% of the population earned more than 100 million South Korean won in 2020.

Statistic 17

In South Korea, persons with a job in Elementary Occupations earn the least, with an average gross income of KRW 25,267,900.

Statistic 18

South Korean teachers earn an average salary of $32,000 in their first year of teaching to a maximum of $55,000 after 15 years.

Statistic 19

The average salary for a software engineer in South Korea is ₩51,930,189.

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In the following post, we examine various statistics related to income and salaries in South Korea, shedding light on the average earnings, disparities between genders, industry-specific figures, and more. From household income to professional salaries, these statistics provide a comprehensive overview of the financial landscape in South Korea.

Statistic 1

"The average income for a Korean household was 58.6 million won ($53,000) in 2020."

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Statistic 2

"The average disposable income of households in South Korea rose 2.1% from 2019 to 2020."

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Statistic 3

"The average gross monthly salary in South Korea in 2020 was around 3.74 million South Korean won."

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Statistic 4

"In 2018, the average annual earnings for all wage and salaried workers stood at around 42 million South Korean won."

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Statistic 5

"The average salary of professional workers in South Korea grew to approximately 3.49 million South Korean won per month in 2020."

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Statistic 6

"In 2018, full-time workers in South Korea worked an average of 211.1 hours per month."

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Statistic 7

"The annual earnings for men in South Korea was significantly higher than that of women in 2020."

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Statistic 8

"Employees in South Korea are likely to observe a salary increase of approximately 9% every 15 months."

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Statistic 9

"Those in the telecommunications industry in South Korea on average make around 50,665,225 krw/year."

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Statistic 10

"The highest average gross salaries in South Korea are earned by those in Insurance (KRW 126,462,275)."

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Statistic 11

"In South Korea, around 25% of households had an annual income below 30 million South Korean won in 2020."

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Statistic 12

"As of 2020, average rent for a one bedroom apartment in the city center of Seoul was about 1 billion South Korean won per year."

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Statistic 13

"In South Korea, the median monthly wage for female employees was approximately 2.26 million South Korean won."

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Statistic 14

"Employees that hold a Doctorate Degree enjoy the highest average gross income of KRW 72,330,950."

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Statistic 15

"The average salary in South Korea for a nurse is between 2 million and 3.5 million won."

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Statistic 16

"In South Korea, 3.5% of the population earned more than 100 million South Korean won in 2020."

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Statistic 17

"In South Korea, persons with a job in Elementary Occupations earn the least, with an average gross income of KRW 25,267,900."

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Statistic 18

"South Korean teachers earn an average salary of $32,000 in their first year of teaching to a maximum of $55,000 after 15 years."

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Statistic 19

"The average salary for a software engineer in South Korea is ₩51,930,189."

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Interpretation

In conclusion, the statistics on average incomes, salaries, and wage disparities in South Korea provide a comprehensive overview of the economic landscape in the country. The data reveals a range of figures, showcasing both growth and disparities across different industries, genders, and job roles. From the increase in average household income to the significant differences in earnings between men and women, these statistics shed light on the diversity and complexity of financial situations in South Korea. Additionally, the specific figures for different professions such as teachers, nurses, software engineers, and those in elementary occupations offer valuable insights into the earning potential within various sectors of the economy.

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