April 25, 2024
Economy
Public sector employee’s pay increases
[THE INVESTOR] The average annual salary of state employees in 2015 exceeded 70 million won (US$57,899), a parliamentary report showed on Jan. 3.
A report from the National Assembly Budget Office said the average yearly pay at 119 public and state-invested agencies came to just over 70 million won. This is 4.9 percent higher than the previous year and is the biggest hike rate since 2012.
According to the report, employees at the Korea Institute of Nuclear Safety were paid the highest with 97.64 million won a year. Workers at the Korea Power Exchange were paid the second highest with 93.33 million won, followed by the Korea Institute of Ceramic Engineering and Technology with 87.56 million won. Employees at offices affiliated with the Ministry of Gender Equality and Family were paid the lowest with 41.28 million won.
The government had meant for the big salary jump to start a general trend for a bigger paycheck in hopes of spurring domestic demand. The pay raise was set at 3.8 percent for 2015, compared with under 1 percent for the two preceding years.
(theinvestor@heraldcorp.com)
A report from the National Assembly Budget Office said the average yearly pay at 119 public and state-invested agencies came to just over 70 million won. This is 4.9 percent higher than the previous year and is the biggest hike rate since 2012.
According to the report, employees at the Korea Institute of Nuclear Safety were paid the highest with 97.64 million won a year. Workers at the Korea Power Exchange were paid the second highest with 93.33 million won, followed by the Korea Institute of Ceramic Engineering and Technology with 87.56 million won. Employees at offices affiliated with the Ministry of Gender Equality and Family were paid the lowest with 41.28 million won.
The government had meant for the big salary jump to start a general trend for a bigger paycheck in hopes of spurring domestic demand. The pay raise was set at 3.8 percent for 2015, compared with under 1 percent for the two preceding years.
(theinvestor@heraldcorp.com)
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