S. Korea's real wage rebounds in March

Xinhua
29 May 2025, 14:15 GMT+10

SEOUL, May 29 (Xinhua) -- South Korea's real wage, adjusted for inflation, rebounded in March, labor ministry data showed Thursday.

The per-capita nominal monthly average wage in businesses with one or more regular employees gained 3.1 percent over the year to 4,136,000 won (2,990 U.S. dollars) in March after falling 5.4 percent in the previous month, according to the Ministry of Employment and Labor.

The real monthly wage grew 1.1 percent in March on a yearly basis, turning around from a decrease of 7.3 percent in February.

The consumer price inflation hovered around the central bank's inflation target of 2 percent in recent months, with 2.2 percent in January, 2.0 percent in February and 2.1 percent in March.

The monthly average working hours per employee in the businesses declined 0.4 percent to 153.3 hours in March compared to the same month of last year.

The manufacturing industry recorded the longest monthly working hours of 168.3, trailed by the water, sewage and waste disposal industry with 167.2 hours.

The construction industry logged the shortest working hours of 129.8 in the cited month.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

null in null

Business

Section

Amid trade tensions, France, Vietnam ink deals worth $10 billion

France, Vietnam sign deals worth $10 billion as Macron visits Hanoi

HANOI, Vietnam: Amid shifting global trade dynamics and growing concerns over U.S. tariffs, France and Vietnam have signed more than...

Wall Street has relapse Wednesday, after Tuesday's heady gains

U.S. stocks slide as 30-year bond yields top 5 percent

NEW YORK, New York - U.S. stocks were weaker Wednesday, following Tuesday's heady gains when the Dow Jones jumped 741 points. Bond...

China’s GAC launches in Brazil as EV demand accelerates

China's GAC enters Brazil EV market, plans factory by 2026

SAO PAULO, Brazil: Amid a surge in electric vehicle (EV) adoption and growing competition in Brazil, Chinese automaker GAC has officially...

McDonald’s to shut down CosMc’s drink spinoff after short run

McDonald's to close standalone beverage concept

CHICAGO, Illinois: McDonald's is closing its experimental beverage spinoff, CosMc's, less than two years after launching the standalone...

China’s Lenovo profit plunges 64%, misses estimates sharply

China's Lenovo posts quarterly profit, short of estimates, shares slip

BEIJING, China: China's Lenovo reported a steep 64 percent drop in fourth-quarter profit, falling significantly short of analyst expectations...

Economic data gives welcome relief to Wall Street

Dow Jones soars 741 points on robust consumer confidence

NEW YORK, New York - Strong economic data jump-started U.S. stocks and the dollar Tuesday, a welcome reprieve after weeks of pressure...

Construction

Section