South Korea Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual
Compensation Rate
KR: Compensation Rate data was reported at 54,671,058.062 KRW in 2025. This records an increase from the previous number of 52,522,338.132 KRW for 2024. KR: Compensation Rate data is updated yearly, averaging 18,396,727.564 KRW from Dec 1970 to 2025, with 56 observations. The data reached an all-time high of 54,671,058.062 KRW in 2025 and a record low of 251,147.891 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 |
|---|---|---|
| 54,671,058.062 2025 | yearly | 1970 - 2025 |
View South Korea's Compensation Rate from 1970 to 2025 in the chart:
Hours Worked per Person Employed
KR: Hours Worked per Person Employed data was reported at 1,886.413 Hour in 2025. This stayed constant from the previous number of 1,886.413 Hour for 2024. KR: Hours Worked per Person Employed data is updated yearly, averaging 2,557.330 Hour from Dec 1970 to 2025, with 56 observations. The data reached an all-time high of 2,933.899 Hour in 1970 and a record low of 1,886.413 Hour in 2025. 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 |
|---|---|---|
| 1,886.413 2025 | yearly | 1970 - 2025 |
View South Korea's Hours Worked per Person Employed from 1970 to 2025 in the chart:
Unit Labour Cost
KR: Unit Labour Cost data was reported at 1.270 Index, 2015 in 2025. This records an increase from the previous number of 1.243 Index, 2015 for 2024. KR: Unit Labour Cost data is updated yearly, averaging 0.672 Index, 2015 from Dec 1970 to 2025, with 56 observations. The data reached an all-time high of 1.270 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 Inventory OECD Economic Outlook, Database Inventory: http://www.oecd.org/eco/outlook/Database_Inventory.pdf
| Last | Frequency | Range |
|---|---|---|
| 1.270 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 46,508,225.701 KRW in 2025. This records an increase from the previous number of 44,680,327.084 KRW for 2024. KR: Wage Rate data is updated yearly, averaging 16,209,066.250 KRW from Dec 1970 to 2025, with 56 observations. The data reached an all-time high of 46,508,225.701 KRW in 2025 and a record low of 234,586.485 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 |
|---|---|---|
| 46,508,225.701 2025 | yearly | 1970 - 2025 |