Korea Labor Institute issues employment briefing
By gender, the male labour force rose by 201,000 (1.3%), to 15,228,000, and the female labour force rose by 281,000 (2.6%), to 11,040,000.
The labour force participation rate stood at 62.2% in October 2013, an increase of 0.4 percentage points from a year earlier.
The employment rate was 60.5% in October 2013, an increase of 0.4 percentage points from a year earlier. By gender, the employment rate for men stood at 71.6% in October 2013, unchanged from the rate observed a year earlier, and the rate for women stood at 49.9%, an increase of 0.8 percentage points from a year ago.
Total employment, at 25,545,000 in October 2013, was 476,000 (1.9%) more than a year earlier. By gender, male employment increased by 187,000 (1.3%), to 14,777,000, and female employment increased by 289,000 (2.8%), to 10,768,000.
The average monthly gross wage for a worker in workplaces with 5 or more permanent employees tallied at 3,009,000 KRW in August 2013, an increase of 4.6% from 2,878,000 KRW for the previous year.
Permanent workers’ monthly gross wages, at 3,179,000 KRW in August 2013, rose by 4.6% from a year earlier, due largely to increases in regular pay, overtime pay, and special (bonus) pay. For permanent workers, regular pay, including base pay, rose by 4.0%, to 2,567,000 KRW overtime pay rose by 6.7%, to 181,000 KRW and special(bonus) pay rose by 7.2%, to 432,000 KRW, in August 2013 from a year earlier.
The average monthly gross wages for temporary and daily workers tallied at 1,416,000 KRW in August 2013, an increase of 9.4% from the previous year.