South Korea Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual
Compensation Rate
KR: Compensation Rate data was reported at 62,294,876.802 KRW in 2027. This records an increase from the previous number of 59,726,631.641 KRW for 2026. KR: Compensation Rate data is updated yearly, averaging 19,413,895.930 KRW from Dec 1970 (Median) to 2027, with 58 observations. The data reached an all-time high of 62,294,876.802 KRW in 2027 and a record low of 252,722.904 KRW in 1970. KR: Compensation Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. WSST-Compensation rate, total economy
| Last | Frequency | Range |
|---|---|---|
| 62,294,876.802 2027 | yearly | 1970 - 2027 |
View South Korea's Compensation Rate from 1970 to 2027 in the chart:
Hours Worked per Person Employed
KR: Hours Worked per Person Employed data was reported at 1,872.000 Hour in 2023. This records a decrease from the previous number of 1,901.000 Hour for 2022. KR: Hours Worked per Person Employed data is updated yearly, averaging 2,647.695 Hour from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 2,933.899 Hour in 1970 and a record low of 1,872.000 Hour in 2023. KR: Hours Worked per Person Employed data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. HRS - Hours worked per worker, total economySeries not forecasted; Computed from total hours worked and total employment
| Last | Frequency | Range |
|---|---|---|
| 1,872.000 2023 | yearly | 1970 - 2023 |
View South Korea's Hours Worked per Person Employed from 1970 to 2023 in the chart:
Unit Labour Cost
KR: Unit Labour Cost data was reported at 1.224 Index, 2015 in 2025. This records an increase from the previous number of 1.204 Index, 2015 for 2024. KR: Unit Labour Cost data is updated yearly, averaging 0.672 Index, 2015 from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 1.224 Index, 2015 in 2025 and a record low of 0.029 Index, 2015 in 1970. KR: Unit Labour Cost data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. ULC - Unit labour cost in total economyIndex, OECD reference year OECD calculation, see OECD Economic Outlook database documentation
| Last | Frequency | Range |
|---|---|---|
| 1.224 2025 | yearly | 1970 - 2025 |
View South Korea's Unit Labour Cost from 1970 to 2025 in the chart:
Wage Rate
KR: Wage Rate data was reported at 53,229,169.278 KRW in 2027. This records an increase from the previous number of 51,034,678.119 KRW for 2026. KR: Wage Rate data is updated yearly, averaging 17,111,544.248 KRW from Dec 1970 (Median) to 2027, with 58 observations. The data reached an all-time high of 53,229,169.278 KRW in 2027 and a record low of 236,046.359 KRW in 1970. KR: Wage Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. WRT - Wage rate, total economy
| Last | Frequency | Range |
|---|---|---|
| 53,229,169.278 2027 | yearly | 1970 - 2027 |
View South Korea's Wage Rate from 1970 to 2027 in the chart:
Unit Labour Cost
Unit Labour Cost data was reported at 1.206 Index, 2021 in 2027. This records an increase from the previous number of 1.176 Index, 2021 for 2026. Unit Labour Cost data is updated yearly, averaging 0.604 Index, 2021 from Dec 1970 (Median) to 2027, with 58 observations. The data reached an all-time high of 1.206 Index, 2021 in 2027 and a record low of 0.025 Index, 2021 in 1970. Unit Labour Cost data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual.
| Last | Frequency | Range |
|---|---|---|
| 1.206 2027 | yearly | 1970 - 2027 |