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S. Korea's real wage rebounds in April

SEOUL
2024-06-27 12:02

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SEOUL, June 27 (Xinhua) -- South Korea's real wage, adjusted for inflation, rebounded in April amid slower inflation, labor ministry data showed Thursday.

The per-capita nominal monthly average wage in businesses with one or more regular employees gained 4.3 percent over the year to 3,866,000 won (2,780 U.S. dollars) in April, according to the Ministry of Employment and Labor.

The real monthly wage grew 1.4 percent in April on a yearly basis after reducing 0.2 percent in the previous month.

The consumer price index (CPI) added 2.9 percent in April from a year earlier, lower than an increase of 3.1 percent in March.

The monthly average working hours per worker in the businesses rose 3.1 percent from a year earlier to 159.4 hours in April.

The manufacturing industry recorded the longest monthly working hours of 176.6, trailed by the water, sewage and waste disposal sector with 173.7 hours.

The construction industry logged the shortest working hours of 130.8 in the cited month.
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