Women Earn Just 60% of Men's Wages in Top Conglomerates

  • By Shin Eun-jin

    April 06, 2017 12:02

    The average annual salary of women who work for Korea's top 10 business conglomerates stands at just 62 percent of what male workers there earn, conglomerate tracker Chaebul.com said Wednesday.

    Women earned on average W54.22 million last year and men W87.57 million (US$1=W1,126).

    Female staff at Samsung made the most money with W72.78 million, which comes to 72 percent of the W101.18 million their male counterparts made. At Hyundai Motor, women earned W66.21 million, also 72 percent of their male counterparts' earnings.

    Things are much worse at Lotte and GS, where women earn less than half of their male counterparts' wages. Female Lotte staff earned W25.36 million last year, a mere 41 percent of what men made there, though retail floor staff and confectionery production line workers are typically women, which weights the figures towards low-income earners.

    It is less clear why at GS women workers made only 47 percent of what their male counterparts earned at W28.9 million.

    By company, Hyundai Motor paid women the best at W75 million a year or 79 percent of men's earning -- the smallest gap among the top 10 conglomerates.

    The conglomerates employed 498,464 men, 3.7 times more than the 133,235 women who work there.

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