S-Oil Has Highest Average Salary Among Listed Companies in S. Korea | Be Korea-savvy

S-Oil Has Highest Average Salary Among Listed Companies in S. Korea

S-Oil Corp.'s headquarters building in Mapo District, Seoul. (image: S-Oil Corp.)

S-Oil Corp.’s headquarters building in Mapo District, Seoul. (image: S-Oil Corp.)

SEOUL, Apr. 2 (Korea Bizwire)S-Oil Corp., run by Saudi Aramco, had the highest average salary among all listed South Korean companies in 2018, a local job search portal operator said Tuesday.

According to JobKorea Corp., the refiner paid its employees an average of 137 million won (US$120,000) last year. This placed it at the top among the 100 biggest firms in terms of market capitalization.

Of the 80 companies that released annual reports for last year, the average salary for workers stood at 81 million won, JobKorea said. Male employees working for these companies were paid 90 million per annum while female employees got 58 million, with the difference being 32 million won.

JobKorea said Meritz Securities Co., SK innovation Co., Samsung Securities Co. and NH Investment & Securities Co. rounded out the top five. Meritz Securities paid employees an average of 135 million won, while the number for NH Investment was 121 million.

The job portal said that eight other companies — Samsung Electronics Co., SK Telecom Co., SK hynix Inc., Samsung Fire and Marine Insurance, Lotte Chemical Corp., Mirae Asset Daewoo Co., Samsung C&T Corp. and Samsung Card Co. — all paid their employees more than 100 million won per year on average.

The average salary for Samsung Electronics, the world’s largest semiconductor and smartphone manufacturer, stood at 119 million won for the year.

The report then showed the average employment period of the big listed companies stood at 11.1 years, with men having stayed longer, at 11.8 years, than 8.6 years for women.

Of the companies reviewed, Kia Motors Corp., South Korea’s No. 2 automaker had the longest average employment period at 20.8 years, followed by 20 years for telecom giant KT Corp. and 19.3 years for steelmaker POSCO.

The numbers for Hyundai Motor Co., Daewoo Shipbuilding and Marine Engineering Co. all exceeded 18 years.

Hyundai Steel had the largest proportion of male workers at 96.9 percent while retailer Shinsegae had the highest number of women at 68.8, JobKorea said.


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