SEOUL, Feb. 28 (Korea Bizwire) — The average monthly salary of wage earners in South Korea rose 4.1 percent on-year in 2021, data showed Tuesday, on the back of higher salaries in the finance and energy industries. Wage earners in Asia’s fourth-largest economy took home a monthly average of 3.3 million won (US$2,669) in December [...]
SEOUL, March 2 (Korea Bizwire) – People with monthly salaries exceeding 4.49 million won (US$4,155) will pay more for state health insurance starting in July, the government said Friday. According to the Ministry of Health and Welfare, a total of 2.44 million people, 13.6 percent of company-subscribed state insurance payers, will pay a maximum of [...]
SEOUL, May 26 (Korea Bizwire) – South Korean salaried workers spend nearly 70 percent of their monthly income on average, according to a new report from Nielsen Korea. The newly published Nielsen report, which was conducted with the participation of 1,000 individuals aged between 19 and 70 last month, revealed South Koreans spend on average 67 [...]