South Korea Sees 1.6 Percent Increase in Real Wages
Average monthly compensation per worker at companies employing at least one regular staff member jumped 4.1 percent year-over-year to 3.955 million won (approximately 2,774 U.S. dollars) in November 2025, extending an upward trajectory that began in August of the prior year, the Ministry of Employment and Labor reported.
Real wage growth—accounting for price increases—registered a 1.6 percent annual gain in November, marking a deceleration from October's robust 4.7 percent expansion.
Consumer price inflation has remained anchored near the central bank's 2 percent benchmark in recent months, recording 2.1 percent in July, 2.1 percent in September, and 2.4 percent in November.
Monthly working hours per employee at these enterprises contracted 3.8 percent to 153.2 hours in November versus the equivalent 2024 period.
The water supply, sewage and waste management, and materials recovery sector documented the longest monthly working duration at 168.9 hours, with manufacturing operations following closely at 168.5 hours.
Construction industry workers logged the briefest monthly hours at 129.7 during the reporting period.
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