SeoulMarkets · tag
wages
5 stories tagged “wages”, each from official Korean data with its source and timestamp.
96% of Korean firms pay men more
A census of 2,282 Korean listed companies' own half-year filings: the median company pays men 35.9% more than women. 96.0% pay men more by 5% or more. Only 1.4% pay women more.
In Korea, finance pays about twice what tech does — and tech isn't even second
Take the median listed company's average pay in each sector. Finance sits at 116 million won a year, roughly double information technology's 58 million. IT holds half the market's value and pays in the middle of the pack.
Working for a Korean company pays a quarter more than working for an owner
The national pension bills every employer 9% of pay. Incorporated firms are billed 370,340 won per worker, sole proprietorships 280,520 — the 882,490 Koreans working for an individual owner sit a quarter below the 10.7 million at companies.
Korea's pay map doesn't put Seoul on top. A shipbuilding city does.
Averaged across every enrolled workplace, the national-pension bill is highest in Ulsan, not the capital. Top to bottom, the regional spread is just 1.21x — the smallest of the axes that move Korean pay.
Korea's pension bill sorts 11.6 million workers into a pay ladder. Top to bottom, 2.3 times.
Every employer is billed 9% of a worker's pay for the national pension, up to a ceiling. Rank Korea's 41 biggest industries by that bill per head and imaging-equipment plants sit 2.3 times above employment agencies.