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Engineering Project Manager Average Salary in Korea (South) 2024

How much money does a person working as Engineering Project Manager make in Korea (South)?


Average Monthly Salary
4,990,000 KRW
( 59,900,000 KRW yearly)

LOW
2,450,000
KRW
AVERAGE
4,990,000
KRW
HIGH
7,780,000
KRW
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 as Engineering Project Manager in Korea (South) typically earns around 4,990,000 KRW. Salaries range from 2,450,000 KRW (lowest) to 7,780,000 KRW (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Engineering Project Manager salaries in Korea (South) vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Engineering Project Manager Pay Scale and Salaries in Korea (South)

Median and salary distribution Korea (South) Engineering Project Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,630,000 KRW or more
10% of people earn
4,090,000 to 4,630,000 KRW
20% of people earn
2,900,000 KRW or less
65% of people earn
2,900,000 to 4,090,000 KRW
Minimum Salary
2,450,000
KRW
Median
4,650,000
KRW
Maximum
7,780,000
KRW




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 for the position Engineering Project Manager in Korea (South) range from 2,450,000 KRW (starting salary) to 7,780,000 KRW (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 4,650,000 KRW, half of the professionals who work as Engineering Project Manager in Korea (South) earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Engineering Project Manager in Korea (South) earn less than 3,810,000 KRW, while 75% earn more. Similarly, the chart shows that 75% earn less than 5,320,000 KRW while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Engineering Project Manager in Korea (South) compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,900,000 KRW to 4,090,000 KRW. About 20% of salaries are below the 2,900,000 KRW mark, while 10% fall within the range of 4,090,000 KRW to 4,630,000 KRW. Only 5% of individuals have salaries exceeding 4,630,000 KRW.

Salary Comparison by Years of Experience / Engineering Project Manager / Korea (South)

How do experience and age affect pay?

0 - 2 Years
2,900,000 KRW
2 - 5 Years+29%
3,730,000 KRW
5 - 10 Years+38%
5,140,000 KRW
10 - 15 Years+24%
6,370,000 KRW
15 - 20 Years+7%
6,820,000 KRW
20+ Years+7%
7,280,000 KRW
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Korea (South) Engineering Project Manager
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Engineering Project Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,900,000 KRW.

While someone with an experience level between two and five years is expected to earn 3,730,000 KRW, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 5,140,000 KRW, 38% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6,370,000 KRW, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 6,820,000 KRW, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 7,280,000 KRW, 7% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Engineering Project Manager / Korea (South)

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Engineering Project Manager.

Bachelor's Degree
3,620,000 KRW
Master's Degree+60%
5,810,000 KRW
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Korea (South) Engineering Project Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Engineering Project Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 3,620,000 KRW.


Level 2: Master's Degree

At this level, the average salary becomes 5,810,000 KRW, 60% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Korea (South) costs anywhere from 19,500,000 KRW to 58,500,000 KRW and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Engineering Project Manager / Korea (South)

Salary comparison by gender Korea (South) Engineering Project Manager 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? For the people who work as Engineering Project Manager in Korea (South), the average difference between the salary of male and female employees is 6%.

Male
5,120,000 KRW
Female-6%
4,830,000 KRW
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Korea (South) for all Careers

Salary comparison by gender monthly Korea (South)
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Average Annual Salary Increment Percentage / Engineering Project Manager / Korea (South)

How much are annual salary increments in Korea (South) for individuals working as Engineering Project Manager? How often do employees get salary raises?

Individuals working as Engineering Project Manager in Korea (South) are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Korea (South) Engineering Project Manager
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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.

Korea (South) / All Professions

Annual Salary Increment Rate Korea (South)
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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 (South) is 7%.

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 / Engineering Project Manager / Korea (South)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Korea (South) Engineering Project Manager
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18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
82%
No Bonus
18%

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.


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.

Average Hourly Wage / Engineering Project Manager / Korea (South)


28,800 KRW per hour

The average hourly wage (pay per hour) for individuals working as Engineering Project Manager in Korea (South) is 28,800 KRW.This is the rate they get 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 people working as Engineering Project Manager in Korea (South) is 14,100 KRW. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Engineering-100%
3D Printing Engineer3,100,000 KRW-38%
Acoustics Engineer3,310,000 KRW-34%
Assembly Engineering Technician2,710,000 KRW-46%
Assistant Chief Engineer3,980,000 KRW-20%
Associate Engineer3,070,000 KRW-38%
AutoCAD Drafter2,110,000 KRW-58%
Autocad Operator2,200,000 KRW-56%
Automation Engineer3,890,000 KRW-22%
Avionic System Support Engineer3,270,000 KRW-34%
Biochemical Engineer3,250,000 KRW-35%
BMS Engineer3,290,000 KRW-34%
Bridge and Lock Tender1,960,000 KRW-61%
Broadcast Engineer3,360,000 KRW-33%
CAD Design Engineer3,620,000 KRW-27%
CAD Designer2,230,000 KRW-55%
CAE Engineer3,340,000 KRW-33%
Ceramics Engineer3,300,000 KRW-34%
Chemical Engineer3,510,000 KRW-30%
Civil Drafter2,240,000 KRW-55%
Civil Engineer3,780,000 KRW-24%
Civil Site Engineer3,560,000 KRW-29%
Civil Technician2,130,000 KRW-57%
Cognitive Engineer3,150,000 KRW-37%
Commissioning Engineer3,280,000 KRW-34%
Communications Engineer3,760,000 KRW-25%
Condition Monitoring Engineer3,080,000 KRW-38%
Contract Associate Engineer3,310,000 KRW-34%
Contract Engineer3,350,000 KRW-33%
Control Systems Engineer3,610,000 KRW-28%
Controls Engineer3,570,000 KRW-28%
Controls Software Engineer2,970,000 KRW-40%
Corrosion Engineer3,210,000 KRW-36%
Design Engineer3,800,000 KRW-24%
Director of Engineering7,260,000 KRW+45%
Drafter2,290,000 KRW-54%
Drafting Manager4,260,000 KRW-15%
Drilling Engineer3,320,000 KRW-33%
Drilling Foreman1,060,000 KRW-79%
Electrical Draughtsman1,820,000 KRW-64%
Electrical Engineer3,810,000 KRW-24%
Electrical Engineering Manager5,050,000 KRW+1%
Electromechanical Engineering Technologist3,770,000 KRW-24%
Electromechanical Equipment Assembler1,870,000 KRW-63%
Energy Engineer3,600,000 KRW-28%
Engine Assembler1,570,000 KRW-69%
Engineer3,770,000 KRW-24%
Engineering Account Manager3,960,000 KRW-21%
Engineering Chief Designer4,200,000 KRW-16%
Engineering Consultant4,870,000 KRW-2%
Engineering Key Account Manager5,140,000 KRW+3%
Engineering Lab Technician3,290,000 KRW-34%
Engineering Manager4,870,000 KRW-2%
Engineering Planning Manager5,160,000 KRW+3%
Engineering Production Manager6,480,000 KRW+30%
Engineering Project Analyst4,220,000 KRW-15%
Engineering Project Coordinator 4,010,000 KRW-20%
Engineering Project Director7,300,000 KRW+46%
Engineering Project Leader4,630,000 KRW-7%
Engineering Project Manager4,990,000 KRW+0%
Engineering Research and Development Manager5,620,000 KRW+13%
Engineering Safety Coordinator2,820,000 KRW-43%
Engineering Sales Manager4,860,000 KRW-3%
Engineering Technician2,770,000 KRW-44%
Engineering Technologist2,810,000 KRW-44%
Environmental Engineer3,540,000 KRW-29%
Equipment Engineer3,340,000 KRW-33%
Equipment Engineering Manager4,900,000 KRW-2%
Estimator3,090,000 KRW-38%
Fabrication Specialist2,440,000 KRW-51%
Fabricator1,590,000 KRW-68%
Facade Engineer3,330,000 KRW-33%
Fiber Analyst2,110,000 KRW-58%
Field Engineer3,540,000 KRW-29%
Field Engineering Manager5,840,000 KRW+17%
Fire Engineer3,430,000 KRW-31%
Fitter and Turner1,110,000 KRW-78%
Forestry Strategic Planner4,250,000 KRW-15%
Generation Engineer3,580,000 KRW-28%
Genetic Engineer3,920,000 KRW-21%
Geological Engineer3,490,000 KRW-30%
Geotechnical Engineer3,730,000 KRW-25%
Heavy Equipment Mechanic1,920,000 KRW-62%
Highway Engineer3,550,000 KRW-29%
HSE Professional3,140,000 KRW-37%
Human Machine Interface Engineer3,060,000 KRW-39%
HVAC Engineer3,840,000 KRW-23%
HVAC Supervisor3,210,000 KRW-36%
Industrial Engineer3,520,000 KRW-29%
Industrial Engineering Technologist3,560,000 KRW-29%
Instrument Engineer3,330,000 KRW-33%
Instrument Technician1,920,000 KRW-62%
Instrumentation and Control Engineer3,510,000 KRW-30%
Instrumentation Designer3,040,000 KRW-39%
Instrumentation Engineer3,490,000 KRW-30%
Instrumentation Manager3,610,000 KRW-28%
Irrigation Engineer3,600,000 KRW-28%
Licensed Aircraft Engineer3,650,000 KRW-27%
Locomotive Engineer3,350,000 KRW-33%
Maintenance Engineer3,190,000 KRW-36%
Maintenance Fitter1,270,000 KRW-75%
Maintenance Manager3,380,000 KRW-32%
Manufacturing Engineer3,320,000 KRW-33%
Marine Engineer3,520,000 KRW-29%
Materials Engineer3,480,000 KRW-30%
Materials Researcher3,360,000 KRW-33%
Materials Technician2,480,000 KRW-50%
Mechanical and Electrical Engineer3,900,000 KRW-22%
Mechanical Design Engineer3,930,000 KRW-21%
Mechanical Designer2,920,000 KRW-41%
Mechanical Engineer3,830,000 KRW-23%
Mechanical Engineering Manager5,120,000 KRW+3%
Mechanical Inspector3,530,000 KRW-29%
Mechatronics Engineer3,950,000 KRW-21%
Mining Engineer3,540,000 KRW-29%
Nanotechnology Engineer3,680,000 KRW-26%
Natural Language Processing Engineer3,930,000 KRW-21%
Oil and Petrochemical Engineer3,700,000 KRW-26%
Optical Engineer3,460,000 KRW-31%
Optical Instrument Assembler1,830,000 KRW-63%
PCB Assembler1,320,000 KRW-74%
Photonics Engineer3,780,000 KRW-24%
Photonics Technician3,120,000 KRW-37%
Pipeline Engineer3,380,000 KRW-32%
Piping Designer1,840,000 KRW-63%
Piping Engineer3,150,000 KRW-37%
Planning Engineer3,540,000 KRW-29%
Pressure Vessel Inspector1,670,000 KRW-67%
Principal Cost Engineer3,560,000 KRW-29%
Principal Engineer3,420,000 KRW-31%
Principal Support Engineer3,470,000 KRW-30%
Process Engineer3,400,000 KRW-32%
Process Operator2,160,000 KRW-57%
Product Development Engineer3,630,000 KRW-27%
Product Development Technician2,550,000 KRW-49%
Product Engineer3,680,000 KRW-26%
Product Safety Engineer3,370,000 KRW-32%
Production Engineer3,480,000 KRW-30%
Project Engineer3,800,000 KRW-24%
Proposal Manager4,440,000 KRW-11%
Purchasing Engineer3,300,000 KRW-34%
Quality Assurance Engineer3,600,000 KRW-28%
Rail Engineer3,710,000 KRW-26%
Regional Field Engineer3,920,000 KRW-21%
Remote Sensing Engineer3,580,000 KRW-28%
Robotics Engineer4,210,000 KRW-16%
Robotics Technician2,800,000 KRW-44%
Safety Engineer3,380,000 KRW-32%
Safety Inspector2,630,000 KRW-47%
Safety Manager4,050,000 KRW-19%
Safety Officer1,770,000 KRW-65%
Sales Engineer3,670,000 KRW-26%
Scheduling Engineer3,220,000 KRW-35%
Security Engineer3,860,000 KRW-23%
Service Engineer3,680,000 KRW-26%
Smart Home Engineer3,920,000 KRW-21%
Solar Engineer3,650,000 KRW-27%
Staff Engineer3,370,000 KRW-32%
Static Equipment Engineer3,320,000 KRW-33%
Stationary Engineer3,250,000 KRW-35%
Stress Engineer3,150,000 KRW-37%
Structural Analysis Engineer3,380,000 KRW-32%
Structural Designer3,140,000 KRW-37%
Structural Engineer3,420,000 KRW-31%
Structural Technician2,280,000 KRW-54%
Subsea Engineer4,480,000 KRW-10%
Supply Chain Specialist3,450,000 KRW-31%
Surveyor2,600,000 KRW-48%
Technical Affairs Officer1,840,000 KRW-63%
Technical Assistant1,740,000 KRW-65%
Technical Engineer3,160,000 KRW-37%
Technical Support Engineer3,080,000 KRW-38%
Tender Engineer3,190,000 KRW-36%
Test Development Engineer3,630,000 KRW-27%
Test Engineer3,330,000 KRW-33%
Transportation Engineer3,250,000 KRW-35%
Urban Engineer3,500,000 KRW-30%
Validation Engineer3,330,000 KRW-33%
Verification Engineer3,270,000 KRW-34%
Wastewater Engineer3,380,000 KRW-32%
Wind Energy Engineer3,490,000 KRW-30%
Wind Energy Operations Manager4,630,000 KRW-7%
Wireless Engineer4,060,000 KRW-19%
Work Planner2,380,000 KRW-52%

Salary Comparison By City

CityAverage Salary
Seoul5,450,000 KRW

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 (South) is 6% on average across all career fields.

Private Sector
3,780,000 KRW
Public Sector+6%
4,000,000 KRW
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 for the job title Engineering Project Manager in Korea (South)?

A good and competitive compensation would range anywhere between 4,650,000 KRW and 5,320,000 KRW. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

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 for a careers like Engineering Project Manager in Korea (South) ranges from 2,450,000 KRW to 3,810,000 KRW. The base salary depends on many factors including 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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