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Average Salary in Korea (North) 2024

How much money does a person working in Korea (North) make?


Average Monthly Salary
195,000 KPW
( 2,340,000 KPW yearly)

LOW
49,100
KPW
AVERAGE
195,000
KPW
HIGH
867,000
KPW
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Korea (North) typically earns around 195,000 KPW. Salaries range from 49,100 KPW (lowest average) to 867,000 KPW (highest average, actual maximum salary is higher).


Salary Variance

This is the average salary including housing, transport, and other benefits. Salaries in Korea (North) vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.



Pay Scale and Salaries in Korea (North)

Median and salary distribution Korea (North) monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
376,000 KPW or more
10% of people earn
294,000 to 376,000 KPW
20% of people earn
115,000 KPW or less
65% of people earn
115,000 to 294,000 KPW
Minimum Salary
49,100 KPW
Median
173,000 KPW
Maximum
867,000 KPW




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Korea (North) range from 49,100 KPW (starting salary) to 867,000 KPW (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 173,000 KPW, which means that 50% of the population in Korea (North) earns less than that while the other half earns more. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Korea (North) earn less than 125,000 KPW while 75% of them earn more. Also from the diagram, 75% of the population earn less than 262,000 KPW while 25% earn more than that.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Korea (North). Around 65% of all reported figures are in the range 115,000 KPW to 294,000 KPW. Approximately 20% fall under the 115,000 KPW cap. Ten percent of wages are from 294,000 KPW to 376,000 KPW. Only 5% of people grossed 376,000 KPW or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.

In Korea (North), employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.

Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.

After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.

These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?

We conducted a study in Korea (North) comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.

Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.

Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.

Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.

Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job.


Is investing in a Master's degree or an MBA worth it? Is pursuing higher education worth the investment?

Earning a Master's degree or any post-graduate qualification in Korea (North) is a substantial financial commitment, with tuition fees ranging from 974,000 KPW to 2,920,000 KPW and a duration of around two years. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Salary reviews are typically conducted after completing the program and obtaining the degree.

Many individuals pursue advanced education as a means of transitioning to higher-paying positions, and the statistics indicate that this is an effective strategy. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.

Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year.



Salary and Compensation Comparison By Gender / Korea (North)

Salary comparison by gender Korea (North) monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In Korea (North), the average difference between the salary of male and female employees is 6% across all career fields.

Male
200,000 KPW
Female-6%
188,000 KPW
Percentage increase and decrease are relative to the previous value


Average Annual Salary Increment Percentage in Korea (North)

How much are annual salary increments in Korea (North)? How often do employees get salary raises?

Korea (North)

Employees in Korea (North) are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Korea (North)
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Korea (North) is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates in Korea (North)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Korea (North)
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65% of surveyed staff in Korea (North) reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
35%
No Bonus
65%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant141,000 KPW
Accounting Assistant112,000 KPW
Accounting Manager289,000 KPW
Bookkeeper91,500 KPW
Chartered Accountant173,000 KPW
Corporate Treasurer277,000 KPW
Financial Analyst260,000 KPW
Financial Manager412,000 KPW
Internal Auditor181,000 KPW

Administration / Reception / Secretarial
Administrative Assistant107,000 KPW
Office Manager172,000 KPW
Receptionist74,900 KPW
Secretary93,600 KPW

Advertising / Graphic Design / Events
Art Director197,000 KPW
Creative Director195,000 KPW
Graphic Designer120,000 KPW
Photographer109,000 KPW

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer244,000 KPW
Air Traffic Controller212,000 KPW
Flight Attendant141,000 KPW
Pilot342,000 KPW

Architecture
Architect232,000 KPW
CAD Drafter104,000 KPW

Automotive
Mechanic72,500 KPW
Service Advisor137,000 KPW

Banking
Bank Branch Manager364,000 KPW
Teller74,100 KPW

Bilingual
Teacher160,000 KPW
Translator173,000 KPW

Business Planning
Business Analyst237,000 KPW
Business Development Manager311,000 KPW
Project Manager222,000 KPW

Care Giving and Child Care
Nanny84,000 KPW
Nursery Teacher77,000 KPW

Construction / Building / Installation
Civil Engineer179,000 KPW
Construction Project Manager332,000 KPW
Health and Safety Officer87,300 KPW

Customer Service and Call Center
Call Center Representative75,500 KPW
Customer Service Manager276,000 KPW
Customer Service Representative77,700 KPW

Engineering
Electrical Engineer198,000 KPW
Engineer196,000 KPW
Mechanical Engineer196,000 KPW

Executive and Management
Chief Executive Officer435,000 KPW
Chief Financial Officer405,000 KPW
General Manager358,000 KPW

Food / Hospitality / Tourism / Catering
Chef127,000 KPW
Executive Chef151,000 KPW
Hotel Manager365,000 KPW
Travel Agent121,000 KPW
Waiter / Waitress61,200 KPW

Health and Medical
Dentist457,000 KPW
Dietitian384,000 KPW
Laboratory Technician156,000 KPW
Nurse155,000 KPW

Human Resources
Human Resources Manager304,000 KPW
Human Resources Officer116,000 KPW

Information Technology
Computer Technician151,000 KPW
Database Administrator201,000 KPW
Developer / Programmer201,000 KPW
Information Technology Manager331,000 KPW
Network Engineer170,000 KPW

Law Enforcement / Security / Fire
Police Officer120,000 KPW

Legal
Attorney397,000 KPW
Legal Assistant108,000 KPW

Media / Broadcasting / Arts / Entertainment
Journalist233,000 KPW

Pharmaceutical and Biotechnology
Biomedical Engineer173,000 KPW
Pharmacist245,000 KPW

Sales Retail and Wholesale
Cashier78,500 KPW
Sales Manager349,000 KPW
Sales Representative133,000 KPW

Teaching / Education
Elementary School Teacher138,000 KPW
Secondary School Teacher164,000 KPW

Average Hourly Wage in Korea (North)


1,120 KPW per hour

The average hourly wage (pay per hour) for all employees in Korea (North) is 1,120 KPW.This is the rate that the average individual gets paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for a person in Korea (North) is 280 KPW. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Korea (North) is 7% on average across all career fields.

Private Sector
187,000 KPW
Public Sector+7%
201,000 KPW
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Korea (North)?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Korea (North) would range anywhere between 173,000 KPW and 262,000 KPW.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary in Korea (North) ranges from 49,100 KPW to 125,000 KPW. The base salary depends on many factors including profession, experience, and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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