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FACTORY WORKER JOBS IN SOUTH KOREA 2022
If you are interested in a factory worker job in South Korea, then it is a good idea to learn as much as you can about the job. You can find out the typical salary, working hours, and the age requirement. These facts can help you find the right job for you.
Average salary
The average salary for factory worker jobs in South Korea will increase by about 18% over the next five years. At the current wage rate, factory workers will earn around W24,870,689 annually, or about $11.95 per hour. This figure will increase to approximately W30,603,213 by 2022.
The minimum wage in South Korea will increase by 5.05% over the next year, according to the Korean Herald. However, the hourly rate does not include any bonuses, paid leave, health insurance, severance pay, or transportation allowances. The salary, on the other hand, includes all these benefits.
The salary of a factory worker in South Koraa is dependent on the type of industry and experience. For example, a factory worker with less than two years of experience will earn about 7,726,700 KRW a month, while one with five to ten years of experience will earn approximately 15,238,200 KRW.
Average working hours
South Korea has long been known for its long, hard hours, and in some cases, dangerous work schedules. According to the OECD, workers in the country work an average of 2,024 hours per year, or 38 hours per week. This has been linked to a low birthrate and plummeting productivity. Minister Chung Hyun-back has called the long working hours in the country “inhumane”.
In South Korea, the labor laws govern hours and wages, including rest periods, overtime, and leave. The Support for Work-Family Reconciliation Act, or SWR Act, governs labor relations. Workers must work at least eight hours per day and 40 hours per week to meet their statutory obligations. They must not work more than forty hours per day during the weekends.
The early 1900s were a time of rapid technological development and war. In the manufacturing sector, the average working hours in 1919 were 50 hours per week, or 200 hours per month. In 2022, workers are expected to work an average of 40.4 hours per week, or 161.6 hours per month. This number is based on the fact that there are thirty days in a year.
Minimum wage
The minimum wage in South Korea will increase in 2022. It will be higher than it was last year, at 9,150 won per hour, or $7.91 USD, and will cover over 3.5 million workers. The new minimum wage will take effect in January 2022.
This rate is based on an average of six months and is intended for businesses with 50 or more employees. It also applies to local government agencies and public institutions that employ 5 or more people. Overtime pay, generally twelve hours a week, must be paid at 50% of the ordinary wage. This amount is also applicable for night work, performed between 22:00 and 06:00.
According to the Korea Bureau of Statistics, the average gross salary for a factory worker in South Korea is W24,870,689. This is equivalent to about W11,957 per hour. In addition, the salary varies according to level, with an entry-level factory worker earning W19,303,152 and a senior-level worker earning W29,603,253 per year. This figure is expected to increase by 18% over the next five years.
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