South Korea

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:

LABOUR MARKET

 

 

Labour market indicators

Unemployment rate in 2000: 4.1% (ILO data)


Working population:

Year

Total Population

Working population

Activity rate

2004  

48 142 224  
25 205 342  
52%  
Source : Worldbank


Employment by sector:

Year

Agriculture

Industry

Services

2003  

8.8%  
27.6%  
63.5%  
Sources: ILO, Eurostat, last available data

 

Employment contracts


Salaries

National monthly minimum wage as of 09/01/02: US$ 428.46 (514,150 wons)

Average wage for a employee in the manufacturing industry in 2004: 2209 won by  month (ILO data)

 

Number of hours

Legal definition of full time work (per week): 44 hours


Useful links

For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws

- Ministry of Labor

- South Korea Labour Law Profile


Last modified in January 2006
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