Korean Salaries Among Top Firms Average $45, 000 in 2003

In a recent report based on the salaries at Korea’s major corporations in 2003, SK Corporation paid the most in terms of individual annual salaries at $53,127, ranked second was SK Telecom at $50,477.

Based on the Korean Stock Exchange’s estimates of Korea's top firms, the average annual salary level reached the $45,000.

Samsung Electronics’ annual salary level totaled $44,387, while Hyundai Motors’ totaled $42,342

The study also noted that steel producer POSCO (19,485/19,373) and Hyundai Motors (50,984/51,471) maintained a rather constant number of employees over the 2002/2003.

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