S. Korea's real wage rises for 3rd month in June-Xinhua

S. Korea's real wage rises for 3rd month in June

Source: Xinhua

Editor: huaxia

2024-08-29 13:31:45

SEOUL, Aug. 29 (Xinhua) -- South Korea's real wage, adjusted for inflation, rose for the third straight month in June due to slower inflation, labor ministry data showed Thursday.

The per-capita nominal monthly average wage in businesses with one or more regular employees gained 3.3 percent over the year to 3,861,000 won (2,890 U.S. dollars) in June, according to the Ministry of Employment and Labor.

The real monthly wage grew 0.9 percent in June on a yearly basis after going up 1.4 percent in April and 0.5 percent in May.

The consumer price index (CPI) swelled 2.4 percent in June from a year earlier, lower than an increase of 2.9 percent in April and 2.7 percent in May.

For the first six months of this year, the real monthly wage slipped 0.4 percent compared to a year earlier.

The monthly average working hours per employee in the businesses shrank 7.4 percent from a year earlier to 147.5 hours in June.

The mining industry recorded the longest monthly working hours at 163.7, followed by the manufacturing industry with 162.7 hours.

The construction industry logged the shortest working hours at 120.9 in the cited month.