South Korea Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual
Compensation Rate
KR: Compensation Rate data was reported at 59,331,123.666 KRW in 2026. This records an increase from the previous number of 56,566,658.313 KRW for 2025. KR: Compensation Rate data is updated yearly, averaging 18,749,282.297 KRW from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 59,331,123.666 KRW in 2026 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 |
|---|---|---|
| 59,331,123.666 2026 | yearly | 1970 - 2026 |
View South Korea's Compensation Rate from 1970 to 2026 in the chart:
Hours Worked per Person Employed
KR: Hours Worked per Person Employed data was reported at 1,867.603 Hour in 2026. This stayed constant from the previous number of 1,867.603 Hour for 2025. KR: Hours Worked per Person Employed data is updated yearly, averaging 2,522.188 Hour from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 2,933.899 Hour in 1970 and a record low of 1,867.603 Hour in 2026. 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 |
|---|---|---|
| 1,867.603 2026 | yearly | 1970 - 2026 |
View South Korea's Hours Worked per Person Employed from 1970 to 2026 in the chart:
Unit Labour Cost
KR: Unit Labour Cost data was reported at 1.224 Index, 2015 in 2025. This records an increase from the previous number of 1.204 Index, 2015 for 2024. KR: Unit Labour Cost data is updated yearly, averaging 0.672 Index, 2015 from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 1.224 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 documentation
| Last | Frequency | Range |
|---|---|---|
| 1.224 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 50,650,145.667 KRW in 2026. This records an increase from the previous number of 48,290,160.483 KRW for 2025. KR: Wage Rate data is updated yearly, averaging 16,506,363.772 KRW from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 50,650,145.667 KRW in 2026 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 |
|---|---|---|
| 50,650,145.667 2026 | yearly | 1970 - 2026 |
View South Korea's Wage Rate from 1970 to 2026 in the chart:
Unit Labour Cost
Unit Labour Cost data was reported at 1.144 Index, 2021 in 2026. This records an increase from the previous number of 1.110 Index, 2021 for 2025. Unit Labour Cost data is updated yearly, averaging 0.581 Index, 2021 from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 1.144 Index, 2021 in 2026 and a record low of 0.024 Index, 2021 in 1970. 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.
| Last | Frequency | Range |
|---|---|---|
| 1.144 2026 | yearly | 1970 - 2026 |