The minimum wage for 2022 has been set at 9,620 won, a 5% increase from the previous year. If you include the weekly holiday allowance, it is 19,992 won. If you convert this to a monthly salary of 40 hours a week, your monthly salary is 2,0580 won. The minimum wage alone is over 200,000 won per month. At this point, I wonder what the average annual salary of all Korean workers will be, what is the actual annual salary, and what is my annual salary? 2022년 연봉 실수령액표
Average annual salary in Korea 이베이스매뉴얼
Wage data can be viewed at the National Statistical Office. I looked up wage and working hours data in the sub-menu of ‘Statistics by Employment Type’ of the National Statistical Office.
The average annual salary of South Korean employees in 2021, updated in early June 2022, is 42.82 million won.
This is a figure that converts the total monthly wage into 12 months and includes the annual special salary. Excess allowance was excluded due to high volatility.
In 2021, on average, Korean workers are receiving an annual salary of 42.82 million won, with a monthly salary of 3.27 million won.
Average annual salary in Korea
Average Salary by Age
The average salary for Korean workers divided by age is as follows:
Those in their 20s are 28.77 million won, 30s are 46.05 million won, 40s are 51.12 million won, 50s are 47.75 million won, and 60s are 31.23 million won.
Office workers in their 20s are receiving a total average annual salary of 28.77 million won, with a monthly salary of 2.27 million won and a special salary of 1.59 million won per year.
Average salary in 20s
An office worker in his 30s has a monthly salary of 3.49 million won and a special salary of 4.2 million won per year, with an average annual salary of 46.05 million won.
Average salary in 30s
Employees in their 40s receive the highest average annual salary among all age groups with an average annual salary of 51.12 million won, including a monthly salary of 3.85 million won and a special salary of 4.89 million won.
In general, there are many senior managers in their 40s. It is good to understand the average salary information of a company in the job information as the salary of a manager in his 40s.
Employees in their 50s received an average annual salary of 47.75 million won, with a monthly salary of 3.61 million won and a special salary of 4.43 million won.
Average salary for those in their 50s on the left and 60s on the right
real annual salary
We looked at the average annual salary by age in Korea. Now I want to find out the actual amount of my annual salary. You will notice that there is a big difference between the common sayings of 3,000 annual salary and 4,000 annual salary. Let’s recall the actual annual salary for 2022 once again.
Since the actual annual salary income varies depending on the number of family members to be deducted, the actual annual salary received in this post will be assumed as a deduction for one person.
Annual salary 2000 real income
If your annual salary is 20 million won, your real monthly salary is 1,499,520 won. Converted to an annual salary, this is 17,994,240 won.
This is because even if your annual salary is 20 million won, your tax will be around 2 million won.
Annual salary 3000 real income
The annual salary of 3,000 in 2022 is 26.68 million won. On a monthly basis, that’s 222,000 won per month. Less than 300,000 won in taxes per month is withdrawn. An annual tax of 350,000 won is deducted.
Annual salary 4000 real income
In 2022, the real salary of 4000 is 2.89 million won per month and 34.72 million won per year. Annual tax and insurance premiums are more than 5 million won.
In order to receive a monthly salary of 3 million won or more, the annual salary must be at least 42 million won.
Today we are talking about the minimum wage in 2023.
Let’s see.
As we enter the second half of 2022
The 2023 minimum wage is being discussed.
I do.
What will be your hourly wage next year?
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What is the minimum wage system?
2023 Minimum Wage
2023 Minimum Wage
First of all, what is the minimum wage system?
Let’s look at the concept.
What is the minimum wage system?
Intervening in the wage-setting process between labor and management
set the minimum wage
to pay wages above this level
by force by law
It is a system that protects low-wage workers.
What are the effects of the minimum wage system?
first. Contributing to easing the wage gap and improving income distribution by resolving low wages
Second, by guaranteeing workers more than a certain level of livelihood,
Stabilizing workers’ lives, boosting worker morale and improving productivity
Third, avoid competitive methods based on low wages and provide reasonable wages.
Promote fair competition and rationalize management
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What is the minimum wage in 2023?
2023 Minimum Wage
2023 Minimum Wage
The minimum wage in 2023 is
The average ratio of wage and earned income to the inclined income of workers’ households and
When calculating the inflation rate
It says 11,860 won.
There is a lot of discussion going on about this.
In 2023, the minimum hourly wage is 11,860 won, and the monthly salary is 2.47 million won.
say it should be.
but this is not definitive
because we are still discussing
Looks like we’ll have to watch.
The definitive results will come out in August.
I’ll have to wait for the news!
[Check with the 2022 Actual Salary Amount Table]
Check the table up to ‘200~100 million in annual salary in 2022’!
The beginning of Korean gatherings, Naver Cafe
Past Minimum Wage Status
2023 Minimum Wage
2023 Minimum Wage
So far, the minimum wage is
according to the price increase
has been continuously rising.
Due to this price increase
I think the minimum wage should also go up significantly.
what will be discussed
Looks like we’ll have to keep an eye on it!
2023 Minimum Wage
Today we are talking about the minimum wage
I figured it out.
Then I’ll post another one tomorrow.
We’ll see you!
thank you 🙂
You can find additional information on the actual amount of annual salary in 2022, such as annual salary of 5,000, annual salary of 6,000, and annual salary of 100 million won in the following post. I have prepared a table of actual annual salary receipts, simplified wage and salary income tax table, and an Excel sheet for calculating actual annual salary receipts, so please refer to the relevant post for details.