wage gap Archives | Be Korea-savvy
Gender Inequality Still Rampant in Labor Market

Gender Inequality Still Rampant in Labor Market

SEOUL, Sept. 7 (Korea Bizwire) — Gender inequality is still widespread in South Korean when it comes to employment and wages, the gender ministry said Tuesday. The Ministry of Gender Equality and Family reported that the employment rate among women stood at 51.2 percent last year, which was 18.8 percentage points lower than the male [...]

Wage Gap Between Large Firms and SMEs Expanding Again After Pandemic

Wage Gap Between Large Firms and SMEs Expanding Again After Pandemic

SEOUL, Aug. 31 (Korea Bizwire) — After narrowing during the COVID-19 pandemic, the wage gap between employees of large companies and small and medium-sized enterprises (SMEs) is showing signs of expanding again due to the rapid recovery of large companies’ wage growth rate. The wage level of SMEs in proportion to that of large companies [...]

Starting Salary for White-collar Workers at Large Firms Averages 33 mln Won

Starting Salary for White-collar Workers at Large Firms Averages 33 mln Won

SEOUL, Nov. 19 (Korea Bizwire) — South Korean university graduates who land white-collar jobs at large corporations are paid an average of about 33 million won (US$29,700) in annual starting salary as of June this year, government data showed Thursday. According to the data released by the labor ministry, local companies with more than 500 [...]

Practical Assessment Index for Gender Equality in Income Coming Soon

Practical Assessment Index for Gender Equality in Income Coming Soon

SEOUL, Oct. 14 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) announced Saturday that it will create guidelines to improve the gender wage gap. In the future, the city will reorganize the gender equality wage implementation guidelines of the Ministry of Gender Equality and Family to suit the city and develop self-diagnosis tables that can [...]

Length of Service Wage Gap Higher in S. Korea than Japan

Length of Service Wage Gap Higher in S. Korea than Japan

SEOUL, Dec. 26 (Korea Bizwire) — Amid the controversy over the revision of the minimum wage act, which includes a weekday off, South Korean companies are facing a complicated wage system. At the same time, South Korean companies have shown greater flexibility with wage increases than in Japan, meaning wages will naturally increase as service [...]

Wage Gap Between Large, Small Firms Widens to 1.7 Fold in 2014: Report

Wage Gap Between Large, Small Firms Widens to 1.7 Fold in 2014: Report

SEOUL, Dec. 10 (Korea Bizwire) — The wage gap between workers in large companies and small and medium-sized enterprises (SMEs) widened in 2014 amid a deepening polarization of the labor market, a report said Monday. According to the report published by the Bank of Korea (BOK), large businesses — those with 300 or more workers [...]

Education Widens Wage Gap

Education Widens Wage Gap

(Image: Yonhap) SEOUL, Sept. 12 (Korea Bizwire) – The wage gap between university graduates and high school graduates in South Korea has widened, surpassing the OECD average. The country’s dwindling birth rate is mirrored in the reduced student-to-teacher ratio, but it is still above the OECD average. The Ministry of Education (MOE) and Korean Educational Development [...]