Labor Costs in Korea 2019

Labor costs are an important factor in the planning and establishment of any company in Korea. Wages in Korean companies often very depending on several factors that remain vague to a foreigner. We have put together and summarized some facts regarding wages in Korea so you rely on certain hard data instead of beliefs related to the information heard from others. Following figures have been acquired in course of a research at both local institutions and other sources. These information is also consistent with many years of our Korea expertise that we would like to share with you.