Average Annual Salary Exceeds 30 Million Won

88
CHB

The number of those who earn 100 million won in annual income rose 13.7 percent in 2013 from a year earlier, the state tax office said today. The pace of growth has been slowing since 2010, it added.

According to the annual tax report from the National Tax Service(NTS), the number increased to 472,000 in 2013 from 415,000 a year ago.

Its growth has been on the decrease since 2010, when it posted a 42.3 percent gain from the previous year.

The number of workers who earn 100 million won in annual salary accounted for 2.9 percent of the roughly 16.4 million of the country’s waged workers in 2013.

Overall, workers earned an average of 30.4 million won annually, showing a 0.3 percent gain from the year before.

The NTS said that the numbers will probably exceed 3 percent of the total workforce this year.The tax auditor said the combined salaries of these highly paid workers was equivalent to 14.2 percent of all wages paid.

By region, the industrial city of Ulsan had the highest average salary, with the resort island of Jeju off the country’s southern coast having the lowest.

Source: Busan eFM News


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