Economy
Source: OECD (via DBnomics). · updated 2024-12-31
Korea, Rep.'s average wages stands at 50,947 as of 2024-12-31, up from 50,314 in 2023. Historical data runs from 1990 to 2024 (35 observations).
In 2024, Korea, Rep.'s average wages was 50,947, up from 50,314 in 2023.
In 2023, Korea, Rep.'s average wages was 50,314, down from 50,672 in 2022.
In 2022, Korea, Rep.'s average wages was 50,672, down from 52,412 in 2021.
In 2021, Korea, Rep.'s average wages was 52,412, up from 52,299 in 2020.
In 2020, Korea, Rep.'s average wages was 52,299, up from 51,123 in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 50,947 | +633.04 |
| 2023 | 50,314 | -358.11 |
| 2022 | 50,672 | -1,740 |
| 2021 | 52,412 | +113.5 |
| 2020 | 52,299 | +1,176 |
| 2019 | 51,123 | +1,698 |
| 2018 | 49,425 | +1,646 |
| 2017 | 47,779 | +1,098 |
| 2016 | 46,681 | +1,329 |
| 2015 | 45,352 | +1,227 |
| 2014 | 44,126 | +91.33 |
| 2013 | 44,034 | +1,085 |
| 2012 | 42,949 | -640.77 |
| 2011 | 43,590 | +564.12 |
| 2010 | 43,026 | +664.96 |
| 2009 | 42,361 | +218.65 |
| 2008 | 42,142 | -126.04 |
| 2007 | 42,268 | +894.93 |
| 2006 | 41,374 | +526.19 |
| 2005 | 40,847 | +1,222 |
| 2004 | 39,625 | +874.33 |
| 2003 | 38,751 | +1,381 |
| 2002 | 37,370 | +1,242 |
| 2001 | 36,127 | +1,210 |
| 2000 | 34,917 | +323.96 |
| 1999 | 34,593 | +314.98 |
| 1998 | 34,278 | -357.77 |
| 1997 | 34,636 | -721.42 |
| 1996 | 35,357 | +1,591 |
| 1995 | 33,766 | +3,005 |
| 1994 | 30,761 | +616.18 |
| 1993 | 30,145 | +1,690 |
| 1992 | 28,455 | +1,201 |
| 1991 | 27,254 | +1,149 |
| 1990 | 26,105 | — |
Source: OECD (via DBnomics). · Download this series as CSV — free, attribution required (CC BY 4.0).
Korea, Rep.'s average wages is 50,947 as of 2024-12-31, compared with 50,314 in 2023. Source: OECD (via DBnomics).
The highest recorded value is 52,412 (2021); the lowest is 26,105 (1990), across data from 1990 to 2024.
Source: OECD (via DBnomics). Figures are republished with attribution and updated as the source releases new observations.