REPUBLIC OF KOREA (SOUTH KOREA)
THE OFFICIAL SALARY IN SOUTH KOREA IN 2024:Average salary – 4,247,765 Korean Republic won per month ($3,075) Minimum wage – 9,860 Korean Republic won per hour ($7) Source: Government of South Korea and international recruitment agencies Read more about wages in South Korea here The Republic of Korea (South Korea) is located in East Asia on the Korean Peninsula. It is washed by the Yellow Sea to the west, by the Sea of Japan to the east, and by the Strait of Korea and East China Sea to the south. |
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INFORMATION ABOUT SOUTH KOREA (2024)Â | |
Population | 51.8 million |
Average life expectancy | 83 years |
Unemployment rate | 2.8% |
Inflation | 3.3% |
Area | 100,210 km² |
Form of government | Presidential constitutional republic |
Income tax | 6–45% |
Capital | Seoul |
Currency | Korean Republic won |
Official Language | Korean |
Doing Business rank | 5 |