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South Korea-LABOUR MARKET

Labour market indicators


Unemployment rate in 2000 : 4.1% (ILO data)


Working population:

Year Total Population Working population Activity rate
2004
48 142 224  
25 205 342  
52%  
Source: World Bank


Employment by sector:

Year
Agriculture
Industry
Services
2003  
8.8%  
27.6%  
63.5%  
Sources: ILO, Eurostat, last available data


Employment contracts



Salaries


National monthly minimum wage as of 09/01/02 : US$ 428.46 (514,150 wons)

Average wage for a employee in the manufacturing industry in 2001 : 1,702 won by  month (ILO data)



Number of hours



Legal definition of full time work (per week): 44 hours



Useful links


For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws

- Ministry of Labor

- South Korea Labour Law Profile


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