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Talent Solutions – Asia Pacific QMR Q4 2021
South Korea
Q4 2021
Total Labor Force (000s)
28,528
Employed Workers (000s) 27,615
Unemployed Workers (000s) 913
Unemployment Rate 3.2%
83% - First Vaccine Dose
(December 2021)
Covid Update
▪ People visiting hospitality,
entertainment and public
services need to show
vaccine passes. This
requirement will be
expanded to include over
12s from February.
S K
Other Cost Considerations - Tax
Indicative Wages (USD)
S K
Labor Force Participation Rate by Selected Age Group
▪ A new minimum wages are due to be introduced in 2022, which will represent a 5%
increase on 2021.
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
ILOSTAT
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://kosis.kr/
