salary Archives | Be Korea-savvy
Celltrion Healthcare Logs Highest Salary Among Listed Firms

Celltrion Healthcare Logs Highest Salary Among Listed Firms

SEOUL, May 7 (Korea Bizwire) — Celltrion Healthcare Co., an affiliate of major biopharmaceutical firm Celltrion Inc., had the highest average salary among listed firms in South Korea in 2018, data showed Tuesday. Celltrion Healthcare, which handles Celltrion’s overseas business, paid its 130 employees an average 241 million won (US$206,000) last year, up 78.5 percent [...]

Minimum Wage Hike a Net Positive for Low Income Earners: Study

Minimum Wage Hike a Net Positive for Low Income Earners: Study

SEOUL, Jul. 12 (Korea Bizwire) — A new study has found that among young South Koreans earning less than 2 million won per month, few experienced a salary decrease following the increase in the minimum wage. The activist group “Youth Community Union” announced the results today after surveying 255 individuals between 19 and 39 years [...]

Civil Servants’ Average Monthly Salary Tops 5 Million Won

Civil Servants’ Average Monthly Salary Tops 5 Million Won

SEOUL, April 25 (Korea Bizwire) – South Korean civil servants’ average pre-tax monthly salary has topped 5 million won (US$4,430) for the first time, the government said Tuesday.  According to data released by the Ministry of Personnel Management, about 955,000 civil servants ranging from the prime minister to the lowest-ranking grade nine officials are earning [...]

More Job Seekers Prioritize Work-Life Balance over Salary

More Job Seekers Prioritize Work-Life Balance over Salary

SEOUL, April 7 (Korea Bizwire) – A recent study by the YBM TOEIC Commission revealed that work-life balance is most sought after by young South Koreans, reflecting the country’s highly-demanding work environment.  According to the commission’s online survey of 3,294 college students and young job seekers, 43.6 percent (1,435) of the participants said “life that [...]

Majority of Businesses Adopt Wage Peak System After Retirement Age Extension: Data

Majority of Businesses Adopt Wage Peak System After Retirement Age Extension: Data

SEOUL, March 19 (Korea Bizwire) – Nearly 7 out of 10 companies with more than five employees have adopted a “wage peak” or incentive payment systems since the introduction of legislation to extend the retirement age to 60 in 2013, a survey showed Sunday.  The government has pursued the wage peak system in which employees [...]