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Tuesday, August 24, 2004

Korean Executives Top List of Wage Earners

Executives of businesses earned the highest salaries last year with an average $5,300 per month, about 3.7 times more than the average pay of the nation’s workers, according to the Work Information Center (WIC), an affiliate the state-run Human Resources Development Service of Korea. The center conducted a survey of 2003 employee earnings from September to December on 50,000 households.

According to the WIC report, the nation has a total workforce of 22.45 million people, with the average monthly wage estimated at $1423.

Company executives topped the list of income earners by taking home an average monthly pay of $5316 last year.

Lawyers, the previous year's leader, dropped to second position with earnings of $4814, followed by dentists who earned an average of $4224.

Women’s average monthly income was $1002, about 60 percent of men’s wage of $1676.

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