Average Daily Wage in Construction Industry 243,000 Won... Up 5.26% Compared to Same Period Last Year

Application for the First Half of 2022

The average daily wage in the construction industry, reflected in next year's construction cost calculations, has been set at approximately 243,000 KRW.

On the 31st, the Korea Construction Association announced the results of the "2022 First Half Construction Industry Wage Survey," stating that "the average daily wage across all 127 job categories in the construction industry was 242,931 KRW, representing a 3.02% increase compared to the previous half-year period and a 5.26% increase compared to the same period last year."

The wage survey statistics were collected and compiled from 2,000 construction sites nationwide, surveying construction workers' wages as of September 2021, and can be applied to construction cost calculations starting January 1, 2022.

Looking at the average wage status by sector, among the previous 127 job categories, the 91 general construction job categories, which hold the largest share, saw a 3.38% increase compared to the previous half-year period. Wages in the electrical and electronics sector rose by 2.33%, cultural heritage by 2.53%, and nuclear by 0.28%.

A representative from the Construction Association explained, "Construction performance increased by 4.9% from May (first half) to September, the survey period," adding, "The increase in demand for skilled workers due to the rise in construction volume appears to have driven the wage increase."

According to the Monthly Construction and Real Estate Trends report by the Korea Research Institute for Construction Industry, construction performance increased by about 4.9%, from 11 trillion KRW in May last year to 11.5 trillion KRW in September.

Meanwhile, the "Construction Industry Wage Survey Report" can be downloaded for free from the Korea Construction Association website.

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