According to a survey, the average industrial hourly wage in Seoul stands at 18,000 won. It appears that those in the following sectors earn a higher hourly wage than others: utility supply sector (26,000 won), finance and insurance sectors (25,000 won) or professional sectors, including science and technology (24,000). The survey also shows that those in the educational service sector work for shorter hours than the others (43 hours a week), while those in hotel/restaurant sectors stand at the other end of the spectrum (51 hours a week).
Those earning a higher hourly wage than others: utility supply sector (26,000 won)
Those working for the shortest hours a week: educational service (43 hours); the longest hours a week: those working for a hotel/restaurant(51 hours)
<Table 1> Status of those employed in Seoul between first half of 2009 and first half of 2014
|Monthly wage (won)||Monthly work hours||Weekly work hours||Hourly wage (won)|
|Real estate lease||2,517,066||191.4||48||13,151|
raw material recycling
|Repair and personal service||2,516,321||180.7||45||13,925|
including science and technology
|Finance and insurance||4,384,537||174.5||44||25,126|
Note: The foregoing is the tentative results of a survey of businesses based on the wage calculation period of April 2014. All figures are the result of rounding up.
* Monthly wage = Fixed wage + Overtime (not including special wages, such as bonuses and performance-based pay).
* Weekly work hours = Monthly work hours (Work hours + Overtime)/4 (on the assumption that a month is composed of four weeks).
* Hourly wage = Monthly wage divided by work hours.
Source: a survey of regional business workforce 2014 (Ministry of Employment and Labor).