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Average daily wage in South Korea on the rise
SEOUL - Average
daily wages for workers at South Korean small and
mid-sized manufacturing companies perked up this year
compared with last year's record, the Korea Federation
of Small Business (KFSB) said.
According to the KFSB's survey covering 1,000
companies nationwide, their average daily wage as of the
end of September stood at 32,107 won (US$26.70), up 9
percent from 29,445 last year.
By occupation, a
general laborer receives 27,716 won, component assembler
29,373 won, food maker 28,302 won, electronics assembler
28,260 won, laborer wrapping goods 27,283 won, lathe
operator 31,139 won, welder 38,704 won and tailor 28,809
won.
Electricians topped the average daily wage
with 60,813 won, while assistant tailors came last with
24,856 won.
As of the end of September, 20.6
percent of the surveyed companies are implementing
annual salary systems and 14.5 percent plan to do it.
This signals the number of firms with an annual salary
system is on the rise from 7.3 percent in 1998, 9.1
percent in 1999, 15.4 percent in 2000, 19.2 percent last
year and 20.6 percent this year.
(Asia
Pulse/Yonhap)
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