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Average Wage

 
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GB



Joined: 14 Jan 2008

PostPosted: Fri Mar 28, 2008 11:58 pm    Post subject: Average Wage Reply with quote

I am interested to know what the average wage here is in Korea. I am not talking about the ESL wage, but the national average wage. I am having trouble finding any recent figures.

Anyone got any links...detail?
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PGF



Joined: 27 Nov 2006

PostPosted: Sat Mar 29, 2008 12:11 am    Post subject: Reply with quote

minimum wage is around 4000 W/ hour
don't know average...
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plus99



Joined: 30 Dec 2007

PostPosted: Sat Mar 29, 2008 1:57 am    Post subject: Reply with quote

ive seen things suggesting that the average wage here is around the same or even a little higher than it is in the US. anecdotally, though, that doesnt seem even close to believable to me.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Sat Mar 29, 2008 2:21 am    Post subject: Reply with quote

GDP/capita says it's around $20,000
Don't know how else you could find out the real average wage of a Korean.
But the GDP/capita usually works a good estimate only.
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Sat Mar 29, 2008 3:21 am    Post subject: Reply with quote

Korea Labor Institute
http://www.kli.re.kr
Korea Labor Institute (English)
https://www.kli.re.kr/kli/html_eng/06_trend/engtrendboard/view.asp?seq=64&page=&vmode=1


image address: https://www.kli.re.kr/_FILE/EDITOR_IMAGES/table4-22.jpg

Ministry of Labor
http://www.molab.go.kr
Ministry of Labor (English)
http://english.molab.go.kr/english/main.jsp

The Result of Special Monthly Labor survey (PDF)
http://english.molab.go.kr/data/resultsoftheSpecialMonthlyLaborsurvey.pdf

Quote:
According to the Korea National Statistical Office, the average annual salary of a head of a household in Korea last year was 29.5 million won.

Youth means money for car accident fatalities
By Moon Gwang-lip, JoongAng Daily (March 25, 2008)
http://joongangdaily.joins.com/article/view.asp?aid=2887805

Underground Economy Accounts for 30% of GDP
By Park Hyong-ki, The Korea Times (January 17, 2008)
http://www.koreatimes.co.kr/www/news/biz/2008/01/123_17466.html



image address: http://www.koreatimes.co.kr/upload/news/080117_p01_underground.jpg
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Paddycakes



Joined: 05 May 2003
Location: Seoul

PostPosted: Sat Mar 29, 2008 4:18 am    Post subject: Reply with quote

A lot of it is relative and based on location.

Senior managers at big companies do okay.

But if you factor people outside of Seoul working in tiny shops, the salaries are very low.

The average Korean worker (not just counting the ones at big companies who tend to be the only ones who get reported) are probably making 1.5 to 2 if they're really senior.

My sister in law makes about 800,000 per month.

Min wage I think is around 3,000 won per hour.

People in shops are probably making around 1,000,000.
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GB



Joined: 14 Jan 2008

PostPosted: Sat Mar 29, 2008 8:10 am    Post subject: Reply with quote

Real Reality...thanks for all those links...very kind.

And thanks everyone else...I thought the average must be around 2 mil...alot of Koreans of my age are earning just less than me.

Cheers guys
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