Discover the salary of a Chemical Engineer job in South Korea. Get insights into the average pay scale, compensation benefits, and factors that influence salary. Explore the earning potential and competitive remuneration packages offered in this dynamic field. Stay informed about the latest industry trends and find out how your qualifications and experience can impact your earning potential as a Chemical Engineer.
What is the average Chemical Engineer salary in South Korea in 2024?
Average Chemical Engineer yearly salary
83,700USD
(USD 7,000 monthly)
Low71,200USD
Average83,700USD
High96,300USD
On average, employees in South Korea earn about USD 83,700 per year. The salary range varies between USD 71,200 (lowest average) and USD 96,300 (highest average, actual maximum salary is higher). This figure represents the average salary inclusive of perks like housing, transportation, etc. The salary spectrum greatly differs across different professions. If you are curious about the salary of a particular job, kindly refer to the specific job title salaries below.
Chemical Engineer Pay Scale and Salaries in South Korea
Pay Scale Comparison and Salary Structure
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Salary Structure
In South Korea, nearly everyone working as a Chemical Engineer earns less than USD 163,100. Approximately 75% of Chemical Engineers in South Korea earn USD 51,100 or less. Half of the employees in South Korea who work as Chemical Engineers earn less than USD 35,800, while the remaining 25% of Chemical Engineers in South Korea earn less than USD 26,900.
Minimum Wage and Starting Salary
Minimum Wage and Starting Salary, specific to Chemical Engineer, refers to the fundamental pay levels for entry-level positions in this field. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires in Chemical Engineer, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In South Korea, the minimum salary for Chemical Engineer is USD 71,200.
Median Salary
Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. In South Korea, the median salary is USD 66,200. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries.
Salary range and Percentile
Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In South Korea, typical salary range for Chemical Engineer is USD 71,200 to USD 96,300.
