Average Daily Wage of Small and Medium Manufacturing Industries in March Up 3.6% Compared to August Last Year

Korea Federation of SMEs Announces Results of '2023 First Half Wage Survey by Job Category in Small and Medium Manufacturing'

The average daily wage for production workers in small and medium-sized manufacturing enterprises in the first half of this year was 104,708 KRW. On the 25th, the Korea Federation of Small and Medium Business (Chairman Kim Ki-moon) announced the results of the '2023 First Half Small and Medium Manufacturing Industry Wage Survey by Job Category' to provide basic data for labor cost calculation in contracts between SMEs and government/public institutions. The survey targeted 1,400 small and medium manufacturing companies with sales of 3 billion KRW and more than 10 regular employees.

The average daily wage for 129 production job categories working 8 hours a day in small and medium manufacturing enterprises in the first half of this year was 104,708 KRW, a 3.6% increase from 101,116 KRW as of August last year. Compared to the first half of last year, this is a 4.0% increase.

By major job categories, the surveyed daily wage for team leaders was 125,583 KRW, up 3.7% compared to the second half of last year. Parts assemblers earned 92,152 KRW, up 3.6%, and simple labor workers earned 86,303 KRW, up 2.0%.

Among the surveyed job categories, chemical engineering quality controllers had the highest average daily wage at 152,242 KRW. 'Diecastwon' had the lowest at 79,207 KRW. The published surveyed wages will be applied starting from the 1st of next month. The detailed survey wage by job category and explanations can be found in the survey report on the Korea Federation of Small and Medium Business website.

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