Production Workers in Small and Medium Manufacturing Earn an Average of 100,697 Won per Day... 2.4% Increase

Korea Federation of SMEs Announces '2022 First Half Wage Survey by Job Category in Small and Medium Manufacturing Industries'

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[Asia Economy Reporter Kim Bo-kyung] The average daily wage for 129 production job categories in small and medium-sized manufacturing industries, based on an 8-hour workday, was 100,697 KRW in the first half of this year.

The Korea Federation of SMEs announced the results of the "2022 First Half Small and Medium Manufacturing Industry Wage Survey by Job Category," conducted on 1,400 small and medium manufacturing companies, on the 20th.

The survey targeted companies with sales of 3 billion KRW and more than 10 regular employees. It was conducted to provide basic data for labor cost calculations in contracts between SMEs and government/public institutions.

As of March, the average daily wage for 129 production job categories in small and medium manufacturing industries, based on an 8-hour workday, was 100,697 KRW.

This represents a 2.4% increase from 98,336 KRW in the second half of last year (as of August) and a 3.6% increase from 97,221 KRW in the first half of last year.

By major job categories, the average daily wage for parts assemblers rose 3.1% to 88,369 KRW compared to the second half of last year. During the same period, simple labor workers earned 84,303 KRW, up 2.8%, and team leaders earned 120,898 KRW, up 0.9%.

By amount, chemical engineering quality controllers had the highest average daily wage at 144,007 KRW, followed by pattern makers at 139,822 KRW, and electrical engineers at 136,672 KRW. Glass cutting and trimming workers had the lowest at 74,494 KRW.

The published survey wages will be applied starting from the 1st of next month. Detailed survey wages by job category and explanatory reports can be found on the Korea Federation of SMEs website.

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