The average salary in Seoul is $120,000, based on a survey of 330 foreign teachers. These teachers include those who have worked in other countries before moving to Korea. The average amount of teaching experience is 6 years.
It is estimated that as of May 2016, the average monthly salary in Seoul is approximately US$2,400. This translates to average Korean monthly income of nearly US$30,000 and an average annual income of nearly US$40,000.
Average salary in seoul
Seoul is the sixth-largest metropolis in the world, and it boasts a large number of both national and international businesses. Its population and the wages they earn make Seoul one of the most expensive cities in the world, with a cost-of-living index rating of 148. However, if you find yourself working in this area, there are many financial incentives to consider. The median salary for designers in South Korea is $28,300/year (as of 2012).
When calculating a salary one has to take several factors into account – the industry, company size and location. In terms of a starting salary, it’s important to keep in mind that startups offer lower wages as opposed to larger corporations. Average monthly wage and average monthly working hours are also two different things – the first one is usually calculated based on the previous month while the second one is based on the year. As another important factor when considering a paycheck, it’s always a good idea to check the cost of living in the city where you are applying for a job. Looking at these figures will give you a better perspective on whether your real income matches your expectations for it.
According to government data, anyone with a masters in Korea will earn an average monthly salary of ₩2.6 million. That number increases to ₩3.3 million per month if you hold both masters and doctorate degree. Of course, the higher your education attainment level, the more you earn. However, that amount is still lower than those reported in some sectors. Some experts have speculated that the numbers may be swayed because those with high wage jobs are more motivated to pursue higher degrees. To get an accurate figure, we need to calculate only for people who have jobs related to their field of study.
In-house design jobs pay better across the board, although this also opens you up to more responsibility as well. What you take in salary, you make up for in job security. But I would recommend against taking an entry level position at a company unless they offer a lot of opportunities to advance into bigger and better things. And with that, it’s time to end this guide. I hope it proved helpful in your job search, and if you have any questions feel free to ask them in the comments!
Thanks for reading this blog post. Hopefully it proved useful to you and you were able to gather some information from it. Please feel free to leave some feedback in the comments section below!
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