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Factory and Manufacturing Average Salaries in Seoul 2021

How much money does a person working in Factory and Manufacturing make in Seoul?


Average Monthly Salary
2,980,000 KRW
( 35,700,000 KRW yearly)

LOW
1,100,000
KRW
AVERAGE
2,980,000
KRW
HIGH
7,460,000
KRW

A person working in Factory and Manufacturing in Seoul typically earns around 2,980,000 KRW per month. Salaries range from 1,100,000 KRW (lowest average) to 7,460,000 KRW (highest average, actual maximum salary is higher).

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

Salaries for specific jobs

Job TitleAverage Salary
Assembly Foreman1,170,000 KRW
Assembly Line Worker1,210,000 KRW
Assembly Supervisor1,830,000 KRW
Assistance Maintenance Manager4,620,000 KRW
Assistant Shipping Manager4,020,000 KRW
Chemical Equipment Controller2,750,000 KRW
Chemical Technican Apprentice2,470,000 KRW
CNC Machinist2,790,000 KRW
CNC Operator2,750,000 KRW
CNC Programmer3,040,000 KRW
Colour Technologist1,500,000 KRW
Contracts Manager5,170,000 KRW
Data Collection Coordinator2,080,000 KRW
Demand Planner1,900,000 KRW
Derrick Operator1,200,000 KRW
Director of Manufacturing7,640,000 KRW
Dock Worker1,110,000 KRW
Drying Technician1,140,000 KRW
Equipment Operator1,080,000 KRW
Export Sales Coordinator3,890,000 KRW
Factory Superintendent1,940,000 KRW
Factory Worker1,320,000 KRW
Failure Analysis Technician1,980,000 KRW
Fiberglass Laminator1,330,000 KRW
Food Technologist2,350,000 KRW
Forklift Driver1,200,000 KRW
Forming Machine Operator1,360,000 KRW
Furnace Operator1,170,000 KRW
Gas Appliance Repairer1,200,000 KRW
General Warehouse Associate1,990,000 KRW
Heavy Equipment Operator1,650,000 KRW
HSE Manager5,170,000 KRW
Industrial Engineer4,120,000 KRW
Industrial Machinery Mechanic2,600,000 KRW
Industrial Production Manager6,920,000 KRW
Industrial Safety and Health Engineer3,910,000 KRW
Intake Operator1,680,000 KRW
Key Account Manager5,730,000 KRW
Lift Truck Operator1,220,000 KRW
Loading Supervisor2,300,000 KRW
Logistic Coordinator3,170,000 KRW
Logistics Clerk1,550,000 KRW
Machine Operator1,270,000 KRW
Machinist1,250,000 KRW
Maintenance Manager4,810,000 KRW
Maintenance Store Clerk1,370,000 KRW
Manufacturing Engineer3,720,000 KRW
Manufacturing Engineering Manager6,110,000 KRW
Manufacturing Engineering Technologist4,670,000 KRW
Manufacturing Manager6,720,000 KRW
Manufacturing Operative2,070,000 KRW
Manufacturing Production Technician1,550,000 KRW
Manufacturing Supervisor3,460,000 KRW
Manufacturing Technician1,400,000 KRW
Materials Supervisor3,570,000 KRW
Mechanical Fitter Engineer3,970,000 KRW
Mechanical Foreman1,240,000 KRW
Merchandise Planner2,220,000 KRW
Metrology Engineer3,900,000 KRW
Operations Engineer3,720,000 KRW
Operations Manager6,300,000 KRW
Order Management Coordinator3,230,000 KRW
Order Processing Manager5,010,000 KRW
Order Selector1,470,000 KRW
Package Handler1,230,000 KRW
Packaging Manager4,170,000 KRW
Packer1,210,000 KRW
Packing Deputy Supervisor3,090,000 KRW
Planning Manager5,720,000 KRW
Plant Manager6,420,000 KRW
Precision Instrument Repairer1,850,000 KRW
Process Technician1,550,000 KRW
Product Manager6,400,000 KRW
Production Analyst5,260,000 KRW
Production Director7,530,000 KRW
Production Engineer3,880,000 KRW
Production Engineering Supervisor5,870,000 KRW
Production Inspector4,340,000 KRW
Production Laborer1,170,000 KRW
Production Manager7,410,000 KRW
Production Scheduler3,000,000 KRW
Production Supervisor3,920,000 KRW
Quality Control Analyst4,910,000 KRW
Quality Control Inspector4,240,000 KRW
Quality Control Manager5,670,000 KRW
Service Technician1,620,000 KRW
SHEQ Officer1,830,000 KRW
Shipping Manager6,110,000 KRW
Small Engine Mechanic2,130,000 KRW
Spray Painter1,290,000 KRW
Sterile Processing Technician1,420,000 KRW
Structural Welder1,170,000 KRW
Supply Chain Operative3,630,000 KRW
Technical Operator1,700,000 KRW
Technology Development Manager6,900,000 KRW
Testing Technician2,700,000 KRW
Toolmaker1,890,000 KRW
Warehouse Operative1,410,000 KRW
Warehouse Worker1,320,000 KRW
Warranty Handler2,250,000 KRW
Welder1,160,000 KRW
Workshop Manager4,360,000 KRW

Factory and Manufacturing Jobs Salary Distribution in Seoul

Median and salary distribution monthly Seoul Factory and Manufacturing
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The median, the maximum, the minimum, and the range

  • Salary Range

    Factory and Manufacturing salaries in Seoul range from 1,100,000 KRW per month (minimum average salary) to 7,460,000 KRW per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,040,000 KRW per month, which means that half (50%) of people working in Factory and Manufacturing are earning less than 3,040,000 KRW while the other half are earning more than 3,040,000 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Factory and Manufacturing are earning less than 1,860,000 KRW while 75% of them are earning more than 1,860,000 KRW. Also from the diagram, 75% of people working in Factory and Manufacturing are earning less than 5,350,000 KRW while 25% are earning more than 5,350,000 KRW.


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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


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.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


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.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 19,400,000 South Korean Won(s) to 58,300,000 South Korean Won(s) 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 into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Factory and Manufacturing Salary Comparison By Gender

Salary comparison by gender monthly Korea (South) Factory and Manufacturing
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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? Male employees in Korea (South) who work in Factory and Manufacturing earn 8% more than their female counterparts on average.

Male
2,760,000 KRW
Female-7%
2,550,000 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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Factory and Manufacturing Average Annual Salary Increment Percentage in Korea (South)

How much are annual salary increments in Korea (South) for Factory and Manufacturing professionals? How often do employees get salary raises?

Factory and Manufacturing

Factory and Manufacturing professionals in Korea (South) are likely to observe a salary increase of approximately 9% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Korea (South) Factory and Manufacturing
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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

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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%.

Annual Increment Rate By Industry 2020

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Korea (South) for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Factory and Manufacturing Bonus and Incentive Rates in Korea (South)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Korea (South) Factory and Manufacturing
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Factory and Manufacturing is considered to be a low bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

68% of surveyed staff in Factory and Manufacturing reported that they haven't received any bonuses or incentives in the previous year while 32% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
32%
No Bonus
68%

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.

Factory and Manufacturing Hourly Average Wage in Seoul


17,200 KRW per hour

The average hourly wage (pay per hour) in Seoul is 17,200 KRW. This means that the average person in Seoul earns approximately 17,200 KRW for every worked hour.


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

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 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 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.

Factory and Manufacturing VS Other Jobs

Salary Comparison Between Factory and Manufacturing and Factory and Manufacturing monthly Seoul
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The average salary for Factory and Manufacturing is 32% less than that of All Jobs.

Seoul VS Korea (South)

Salary Comparison Between Seoul and Korea (South) monthly Factory and Manufacturing
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We compared Factory and Manufacturing salaries in Seoul and Korea (South) and we found that Seoul salaries are 12% more than those of Korea (South).

Salary Comparison By City

CityAverage Salary
Bucheon2,460,000 KRW
Busan2,930,000 KRW
Daegu2,820,000 KRW
Daejeon2,770,000 KRW
Goyang2,570,000 KRW
Gwangju2,720,000 KRW
Incheon2,880,000 KRW
Seongnam2,510,000 KRW
Seoul2,980,000 KRW
Suweon2,670,000 KRW
Ulsan2,620,000 KRW

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Korea (South) earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
3,770,000 KRW
Public Sector+6%
3,990,000 KRW
Percentage increase and decrease are relative to the previous value

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