Public Servants' Wages Keep Rising

      April 28, 2016 12:17

      Public servants will earn an annual wage of W58.9 million on average this year, up a whopping 5.1 percent from last year (US$1=W1,150).

      The wage is in the range of the average W60.2 million paid by large companies and a lot higher than the average W37.3 million in small and mid-sized businesses.

      And the rate of increase is far higher than at major businesses (3.9 percent) and SMEs (3.4 percent).

      The Interior Ministry on Wednesday announced the average monthly salary of public servants at W4.91 million this year before tax.

      It has soared from W3.95 million in 2011.

      According to government data, the president's salary this year is W212 million, while the prime minister makes W164 million. Ministers earn W120 million, while vice ministers make W117 million. The lowest-ranking government worker makes around W2 million a month.

      Cho Joon-mo at Sungkyunkwan University warned that more and more young people are taking the civil service exams lured by job security and rising pay.

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