President's Annual Salary of 240 Million KRW, 1.4% Increase Returned

The State Council Approves 1.4% Salary Increase for Civil Servants Next Year... Private First Class Pay Raised by 11.1% to 676,100 Won per Month

[Asia Economy Reporter Ryu Jeong-min] Next year's civil servant salaries will increase by 1.4% compared to this year. The president's annual salary has been set at 240,648,000 KRW, and the Prime Minister's at 186,562,000 KRW. However, the president and the Prime Minister have decided to forgo the 1.4% salary increase.

The Ministry of Personnel Management announced that the amendments to the "Civil Servant Salary Regulations" and the "Regulations on Civil Servant Allowances," which include improvements to the treatment and allowance system for civil servants in 2022, were approved at the Cabinet meeting on the 28th.

[Image source=Yonhap News]

However, considering circumstances such as COVID-19, political appointees, senior executive service members, and civil servants at grade 2 (equivalent) or higher have decided to return the salary increase.

Military personnel (soldiers) will have their salaries increased by 11.1% compared to the previous year, according to the salary increase plan for soldiers established in 2017. The monthly salary for a sergeant will rise from 608,500 KRW this year to 676,100 KRW next year.

This content was produced with the assistance of AI translation services.