labor income Archives | Be Korea-savvy

45-year-old Workers Earn Highest Labor Income During Life Cycle

SEOUL, Dec. 7 (Korea Bizwire) — The average annual labor income peaked at the age of 45 for South Korean workers in 2017, while those aged 59 began spending more than they earned, data showed Monday. People aged 45 saw their annual average labor income hit 33.54 million won (US$31,000) per person in 2017 during [...]

41-year-olds Have Highest Average Labor Income

SEJONG, Dec. 9 (Korea Bizwire) — Workers in South Korea hit the highest average annual earnings at the age of 41 in 2016, data showed Monday, with the labor income of the elderly also showing a steady rise. People aged 41 earned the highest average annual labor income of 32.09 million won (US$26,977) in 2016, [...]