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Second adjustment of salaries and wages due to inflation in South Korea


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Due to inflation, wages and salaries in South Korea fell for the second year in a row, data from the Ministry of Labor showed on Thursday.

Second adjustment of salaries and wages due to inflation in South Korea

According to the Ministry of Employment and Labor, the average monthly wage in businesses with regular employees increased by 2.5 percent to 3.966 million won (two thousand 970 US dollars) in 2023. In 2023, the monthly salary decreased by 1.1 percent to 3.554 thousand won. Which is 0.2 percent less than the previous year.

South Korea's consumer price index (CPI) in 2023 was 3.6 has increased by percent.

The average monthly working hours per worker in businesses increased by 1.6 Percentage decrease in 2023 has reached 156.2 hours. The

production industry has Recorded the longest monthly working hours of 170.5. Water, Sewerage and Waste Management Sector 170 With hours, the construction industry registered the shortest working hours of 128.7 last year.

प्रकाशित : फाल्गुन १७, २०८० १७:१०
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