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Tuesday, October 04, 2005

South Korean Payscale for Entry Level Recent College Grads

I'm often asked about payscales in Korea. Here's a recent study in Chosun Ilbo on entry level wage.

In South Korea new college graduates on average earn $27,670 a year working for big corporations according to a survey of 263 firms by job portal Incruit and job information provider OpenSalary.

Daelim Industrial offers the highest annual salary of about $38, 000 to new staff with a university degree, while a food company pays the lowest of $18,000.

As for sectors, the financial industry was the most generous with S31, 000 on average while the restaurant and food industry came in last with $23, 000.

The auto industry pays about $27, 000, slightly more that the telecommunications industry.

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