4,884,007 KRW per month

Average Monthly Salary

This is the average monthly salary including housing, transport, and other benefits.

Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

25% of people earn

3,000,000 KRW

or less

3,000,000 KRW

or less

50% of people earn

4,500,000 KRW

or less

4,500,000 KRW

or less

75% of people earn

6,000,000 KRW

or less

6,000,000 KRW

or less

Minimum1,600,000 KRW |
Median4,500,000 KRW |
Maximum16,000,000 KRW |

The median salary is 4,500,000 KRW per month, which means that half (50%) of the population are earning less than 4,500,000 KRW while the other half are earning more than 4,500,000 KRW. 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.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 3,000,000 KRW while 75% of them are earning more than 3,000,000 KRW. Also from the diagram, 75% of the population are earning less than 6,000,000 KRW while 25% are earning more than 6,000,000 KRW.

Average Salary 2016 | = | 4,575,500 KRW |

Average Salary 2017 | +3% | 4,703,614 KRW |

Average Salary 2018 | +2% | 4,807,093 KRW |

Average Salary 2019 | +2% | 4,884,007 KRW |

Percentage increase and decrease are relative to the previous value

Salaries in Korea (South) are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another. 25,045 KRW per hour

Average Hourly Wage

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

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

City | Average Salary |