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Korea Average Salaries & Expenditures
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| : |
annual, per worker, incl. dependent & self employment | |
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Disposable
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(1) |
Gross
| (2) |
2005
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constant 2005 US$ at PPP |
current wons |
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(1) |
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Based on gross employment average income and ratio of non-consumption expenditure and total income per capita. |
(2) |
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Based on salary & business average income per capita and proportion of earners to household size. |
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Average Salary in Korea - Job and Sector Comparison.
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Job
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Net Monthly Income constant 2005 US$ (1)
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Notes
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Gross Monthly Average Income (2)
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Compulsory Deductions (3)
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Weekly Hours (4)
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Accountant average salary
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PPP $ 3,517
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$ 2,789
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Excl. overtime and bonus, June 2005.
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3,307,476
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wons
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14%
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39.1
|
Computer Programmer average salary
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PPP $ 2,832
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$ 2,245
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Excl. overtime and bonus, June 2005.
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2,573,315
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wons
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11%
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40.0
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Engineer average salary
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PPP $ 2,762
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$ 2,190
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Excl. overtime and bonus, June 2005. All engineers.
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2,510,347
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wons
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11%
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39.8
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Teacher average salary
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PPP $ 2,643
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$ 2,096
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Excl. overtime and bonus, June 2005. All teachers, incl. tertiary level.
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2,402,059
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wons
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11%
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39.7
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Office Clerk average salary
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PPP $ 2,209
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$ 1,751
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Excl. overtime and bonus, June 2005.
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1,984,861
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wons
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10%
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40.9
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Miner average salary
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PPP $ 1,983
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$ 1,573
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Excl. overtime and bonus, June 2005.
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1,762,782
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wons
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9%
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40.0
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Auxiliary Nurse average salary
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PPP $ 1,897
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$ 1,504
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Excl. overtime and bonus, June 2005. Women only - corresponds to the average of auxiliary nurse, professional nurse, and other women working in the medical sector.
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1,685,860
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wons
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9%
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41.7
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Professional Nurse average salary
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PPP $ 1,897
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$ 1,504
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Excl. overtime and bonus, June 2005. Women only - corresponds to the average of auxiliary nurse, professional nurse, and other women working in the medical sector.
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1,685,860
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wons
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9%
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41.7
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Bus Driver average salary
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PPP $ 1,845
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$ 1,463
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Excl. overtime and bonus, June 2005.
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1,621,837
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wons
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8%
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39.3
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Car Mechanic average salary
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PPP $ 1,769
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$ 1,403
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Excl. overtime and bonus, June 2005.
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1,554,982
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wons
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8%
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42.3
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Carpenter average salary
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PPP $ 1,702
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$ 1,350
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Excl. overtime and bonus, June 2005.
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1,496,635
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wons
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8%
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44.0
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Postman average salary
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PPP $ 1,660
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$ 1,316
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Excl. overtime and bonus, June 2005.
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1,459,313
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wons
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8%
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40.5
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Salesperson average salary
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PPP $ 1,642
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$ 1,302
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Excl. overtime and bonus, June 2005. All salespersons, all industries.
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1,443,624
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wons
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8%
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42.5
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Wood Grinder average salary
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PPP $ 1,499
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$ 1,188
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Excl. overtime and bonus, June 2005.
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1,317,664
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wons
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8%
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42.6
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Firefighter average salary
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PPP $ 1,475
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$ 1,170
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Excl. overtime and bonus, June 2005.
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1,297,139
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wons
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8%
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46.7
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Hotel Receptionist average salary
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PPP $ 1,445
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$ 1,146
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Excl. overtime and bonus, June 2005.
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1,270,301
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wons
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8%
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41.7
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Furniture Finisher average salary
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PPP $ 1,409
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$ 1,117
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Excl. overtime and bonus, June 2005.
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1,238,928
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wons
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8%
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43.7
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Garment Cutter average salary
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PPP $ 1,210
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$ 960
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Excl. overtime and bonus, June 2005.
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1,063,969
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wons
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8%
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43.2
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Baker average salary
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PPP $ 1,151
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$ 913
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Excl. overtime and bonus, June 2005.
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1,012,151
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wons
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8%
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41.0
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Chambermaid average salary
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PPP $ 965
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$ 765
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Excl. overtime and bonus, June 2005.
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848,630
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wons
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8%
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42.6
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Sector
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Gas-Electricity-Water average income
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PPP $ 4,208
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$ 3,337
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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4,101,000
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wons
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17%
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45.7
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Financial average income
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PPP $ 3,842
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$ 3,046
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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3,699,000
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wons
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16%
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42.7
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Real Estate average income
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PPP $ 3,893
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$ 3,087
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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3,748,000
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wons
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16%
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47.3
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Mining-Quarrying average income
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PPP $ 2,693
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$ 2,135
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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2,475,000
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wons
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12%
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43.2
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All Sectors average income
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PPP $ 2,616
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$ 2,074
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees. Excl. Agriculture, Hunting, Forestry, and Fishing.
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2,404,000
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wons
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12%
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45.7
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Manufacturing average income
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PPP $ 2,598
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$ 2,060
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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2,388,000
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wons
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12%
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47.4
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Education average income
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PPP $ 2,494
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$ 1,977
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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2,292,000
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wons
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12%
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44.6
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Construction average income
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PPP $ 2,336
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$ 1,852
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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2,123,000
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wons
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11%
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43.4
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Transport-Communication average income
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PPP $ 2,323
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$ 1,842
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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2,111,000
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wons
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11%
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47.3
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Hotels-Restaurants average income
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PPP $ 1,780
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$ 1,412
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Regular employees incl. family allowances and the value of payments in kind, 2005. Establishments with 5 or more regular employees.
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1,600,000
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wons
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10%
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47.1
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(1)
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The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
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(2)
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The gross monthly average income is based on data supplied by the Korea Ministry of Labour to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
The average salary of all employees is estimated to be 11% less than the one of regular employees working in establishments with 5 or more regular employees.
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(3)
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The compulsory deductions reflect the 2004 income tax rates and social security withholdings in Korea. The deductions are representative of single-earner-married-without-child status, and take into account family benefits in terms of cash transfers.
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(4)
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The number of hours is based on data supplied by the Korea Ministry of Labour to the International Labour Organization. The hours by job correspond to the normal hours of work; the hours by sector correspond to the hours actually worked. The hours by sector reflect the average of employees in establishments with 10 or more regular employees.
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| : |
annual, per capita, incl. non-monetary income | |
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Disposable
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Gross
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Salary
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Business
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Property
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Transfer
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(1) |
2005 (2)
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constant 2005 US$ at PPP |
current wons |
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(1) |
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Incl. social security, pension. |
(2) |
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Households with 2 or more members; excl. farming and fisheries households. |
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| : |
annual, per capita, incl. non-monetary expenditure | |
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Total
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Health
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Housing
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(1) |
Food
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(2) |
Apparel
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Education
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Transport
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2005 urban+rural (3)
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constant 2005 US$ at PPP |
current wons |
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2005 urban (4)
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2000 urban (4)
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1990 urban (4)
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1980 urban (4)
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(1) |
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Incl. actual rent, fuel, light, water, furniture and utensils but excl. owner-imputed rent. |
(2) |
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Incl. tobacco and alcoholic beverages. |
(3) |
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Households with 2 or more members; incl. farming households. |
(4) |
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Households with 2 or more members. |
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| : |
percentage of total workforce | |
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Primary
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(1) |
Manufacturing
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Education
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Financial
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Paid Employees
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Unemployed
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2005
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8.0
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18.5
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6.9
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3.3
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66.4
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3.9
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(1) |
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Agriculture, hunting, forestry, fishing, mining, and quarrying. |
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9.9% for a single with no child, 8.7% for a single with two children, 9.9% for a one-earner married couple with no child, and 8.6% for a one-earner married couple with two children. |
Source: |
OECD Tax Database [k], 2005, combined deductions on a gross monthly salary income of 2,394,152 wons including family benefits in terms of cash transfers. |
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10 working days per year (legally required minimum vacation time) [e]. A recent survey by the World Tourism Organization indicates that the vacation time actually taken on average is of 25 days per year (including holidays) [e].
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100.0 (1995), 104.9 (1996), 109.6 (1997), 117.8 (1998), 118.8 (1999), 121.5 (2000), 126.4 (2001), 129.9 (2002), 134.5 (2003), 139.6 (2004), 144.9 (2005); |
Source: |
IMF inflation rates [d], Index: 1995=100. |
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394.2 (1980), 433.0 (1985), 477.9 (1990), 632.6 (1995), 660.4 (1996), 688.7 (1997), 725.1 (1998), 736.5 (1999), 746.6 (2000), 770.9 (2001), 774.0 (2002), 793.2 (2003), 801.6 (2004), 808.8 (2005), 803.2 (2006), 802.1 (2007), 807.2 (2008); |
Source: |
OECD PPP exchange rates for actual individual consumption [l], wons per U.S. dollar.
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769.2 (1995), 806.5 (1996), 934.6 (1997), 1,389 (1998), 1,190 (1999), 1,124 (2000), 1,282 (2001), 1,235 (2002), 1,190 (2003), 1,136 (2004), 1,020 (2005), 943.4 (2006); |
Source: |
Interbank nominal exchange rates [a], wons per U.S. dollar. |
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0.96 (1995), 0.95 (1996), 0.84 (1997), 0.59 (1998), 0.68 (1999), 0.71 (2000), 0.63 (2001), 0.66 (2002), 0.69 (2003), 0.72 (2004), 0.78 (2005);
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Source: |
Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
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References |
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[9]
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International Labour Organization.
Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
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[28]
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Korean National Statistical Office.
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[a]
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Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
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[d]
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World Economic Outlook Database, September 2006, International Monetary Fund.
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[e]
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Wikipedia, Vacation.
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[f]
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World Tourism Organization, a United Nations agency; survey of vacation days worldwide, 2000.
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[k]
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OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
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[l]
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OECD. PPP exchange rates for actual individual consumption.
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Other links:
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Social Security in Korea, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
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Korea: Statistics, Organization for Economic Co-Operation and Development (OECD).
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Korea Economy Overview, CIA World Factbook.
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Korea: Selected Internet Resources, U.S. Library of Congress.
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Korean Holidays, list of holidays according to the solar/lunar calendar.
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Statistical Shopping Mall of the Korea National Statistical Office, Korea Statistical Yearbook, Annual Report on the Consumer Price Index, Monthly Statistics of Korea.
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Korean Statistical Information System, Online Statistical Database of the Korea National Statistical Office.
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Korea Job Link, Job openings in Korea.
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International Comparison of the Black Economy, Jin-Kwon Hyun, Korea Institute of Public Finance. Assessment of the size of the underground economy in Korea, and comparison with other countries.
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