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2 clusters · 5 sources · 28 days · First seen · Last updated

South Korean labor compensation trends

Overview

Data regarding compensation trends in South Korea shows varying levels of salary expectations and actual earnings across different sectors.

In the general job market, a survey of 1,013 job seekers indicated that desired annual salaries are rising, with an average expectation of 44.7 million won. This figure exceeds the market average of 41.5 million won, even amidst a challenging economic environment. For these seekers, annual salary and bonuses remain the primary employment priority.

In the healthcare sector, Ministry of Health and Welfare data reveals significantly higher compensation levels. As of 2023, physicians earned an average annual salary of 285.18 million KRW, a 1.7-fold increase over the previous decade. Compensation within this field varies by institution, with hospital-based physicians earning approximately 354.27 million KRW, while those in tertiary general hospitals averaged 199.76 million KRW.

Entities

South Korea · Ministry of Health and Welfare · National Health Insurance Service · Catch

Timeline

  1. [HEALTH] 2 sources
    South Korean physician salaries average 285 million KRW

    A South Korean Ministry of Health and Welfare survey reveals physicians' average annual salary reached 285.18 million KRW in 2023, with significant pay gaps based on institution type.

  2. [BUSINESS] 3 sources
    South Korean job seekers raise salary expectations despite tough market

    A survey of 1,013 job seekers in South Korea shows rising salary expectations, with an average desired annual pay of 44.7 million won despite a difficult hiring landscape.

Sources

biz.heraldcorp.com · cafef.vn · english.hani.co.kr · kenh14.vn · viendongonline.com