S. Korea's real wage rises for 3rd month in May

Xinhua
30 Jul 2025, 12:15 GMT+10

SEOUL, July 30 (Xinhua) -- South Korea's real wage, adjusted for inflation, rose for the third straight month in May, labor ministry data showed Wednesday.

The per-capita nominal monthly average wage in businesses with one or more regular employees gained 2.5 percent over the year to 3,916,000 won (2,830 U.S. dollars) in May after growing 2.7 percent in the previous month, according to the Ministry of Employment and Labor.

The real monthly wage mounted 0.5 percent in May on a yearly basis after expanding 1.1 percent in March and 0.6 percent in April.

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, 2.1 percent in March, 2.1 percent in April and 1.9 percent in May.

The monthly average working hours per employee in the businesses decreased 4.1 percent to 147.0 hours in May compared to the same month of last year.

The water, sewage and waste disposal industry recorded the longest monthly working hours of 162.5, trailed by the manufacturing industry with 161.6 hours.

The construction industry logged the shortest working hours of 123.7 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

Trump, EU strike deal: Tariffs lower than feared, but still steep

FRANKFURT, Germany: A major trade agreement between the United States and the European Union has averted an immediate escalation in...

Profit-taking hits Wall Street Tuesday, major indices dive

NEW YORK, New York - U.S. stocks fell Tuesday after the markets' recent heady gains, as profit-takers moved in. Uppermost in investors...

New EU rules prompt Meta to end election ad services by October

BRUSSELS, Belgium: Meta Platforms has announced it will stop running political, electoral, and social issue advertisements on its platforms...

Marc Jacobs could soon be sold as LVMH explores offloading

NEW YORK CITY, New York: Marc Jacobs, once a crown jewel in LVMH's fashion portfolio, may soon find a new home. The French luxury conglomerate...

Navy veteran startup lands funds to decode underwater sound

SAN FRANCISCO, California: A veteran-led startup that's rethinking how submarines gather intelligence just secured its first round...

U.S. stocks make limited gains as European markets sink

NEW YORK, New York - U.S. stock markets made little headway Monday, despite the trade deal negotiated by U.S. President Donald Trump...

Construction

Section