On average, South Korean salaries can range from about 983,000 KRW per month (USD 819.46) on the lower end to 17,400,000 KRW per month (USD 14505.21) on the higher end. Let’s take a look at some important statistics regarding the same. These average salary figures can offer an insight into the South Korean economy and the job market, helping you make informed business decisions. While South Korean salaries tend to be lower than salaries in countries like the UK, USA, Australia, and Hong Kong, there’s still a great variation within the country.Īs of 2022, the average South Korean employee gets paid about 46,600,000 KRW per year (USD 3257.33) before income tax. Let’s get started! What is the Average Salary in South Korea?Īs with any other country, the average salary in South Korea can vary based on various factors, including your role, working hours, years of experience, the job market, and the industry. 5 Key Benefits of Outsourcing to South Korea.
Average Salary Increment in South Korea.Average Salary for Popular Professions in South Korea.A Breakdown of Average Salary in South Korea.What is the Average Salary in South Korea?.(Click on the link below to jump to specific sections) We’ll look at some key benefits of outsourcing your business to South Korea. In this article, we’ll dive into all the key statistics around the average salary in South Korea, the median salary, minimum wage, and annual increment rate. The average salary in South Korea is around 3,890,000 KRW ( South Korean Won ) or USD 3257.33 per month (as per the exchange rate in February 2022, 1 KRW = 0.00083 USD). The South Korean peninsula is also one of the largest economies in the world, with great business opportunities and a high employment rate, making it a well-positioned outsourcing location on the global map.īut what’s the average salary in South Korea ? South Korea is home to various industry giants in East Asia, including Samsung and Hyundai.
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