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Annual Salary of Wage Earners in 2015 Stood at 32.8 Mln Won

Written: 2016-07-20 18:28:22Updated: 2016-07-20 18:29:09

Annual Salary of Wage Earners in 2015 Stood at 32.8 Mln Won

South Korean workers are estimated to have earned an annual average of 32-point-eight million won last year, up one-and-a-half percent from 2014.
 
The Federation of Korean Industries released a report on annual salaries Wednesday based on data from over 14-point-6 million workers that the Ministry of Employment and Labor had used for its fact-finding survey on employment.
 
The median annual income jumped one-point-four percent from 24-point-65 million to 25 million during the same period.
 
Around 390-thousand wage earners, or two-point-seven percent of the total, earned more than 100 million won, while 410-thousand workers earned an annual salary of between 80 million  and 100 million won.
 
Those who earned between 20 million and 40 million won in annual wages amounted to five-and-a-half million people, and those who earned less than 20 million won stood at some five-point-35 million, accounting for the largest groups of wage earners.

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