Labor Costs in Korea

Labor costs and social insurances are an important factor in the planning and establishing of any company in Korea. Wages in Korean companies often vary depending on several factors that remain vague to most foreigners. 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.

The version was updated in May 2021.

Nowak & Partner_Labor Costs in Korea 2021

 

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