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S. Korean workers take home less pay than OECD average, COVID-19 may worsen gap: Lawmaker

2020-10-11 22 Dailymotion

OECD, 한국 평균임금 35개국 중 19위<br /><br />While the South Korean economy may have performed better than that of other countries amid the COVID-19 pandemic,...salary levels remain below the OECD average.<br />According to analysis conducted by the office of Democratic Party of Korea lawmaker Yang Kyung-sook...the average South Korean took home around 42-thousand dollars in annual salary last year,... ranking 19th out of the 35 OECD countries.<br />While the ranking marks the country's highest since 2003, South Koreans earn just 87 percent of the OECD average.<br />Yang warned that amid the coronavirus pandemic,... income levels and employment face uncertainty and that greater efforts are needed for income redistribution.<br />He also stressed the need to reduce the gender-based pay gap as well as to improve labor conditions for older workers.<br /><br />

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