SEOUL, KOREA - Foreign workers hired in small enterprises in Korea are being paid about 6.4 times more wages than the amount they earned in their home country. The Korea Federation of Small and Medium Business said on June 17 that the average monthly net pay (including bonuses and other benefits) of foreign workers in Korea was 1,621,000 won. The figure was based on a survey on 1,058 employees from ten different countries.
This is estimated about 6.4 times more than their average earnings in their home country of US$222.40. Korea's minimum wage level of 1,098,000 won is about 4.4 times higher than the average level of the countries the workers have come from.
Meanwhile, the level of wage the workers want to receive was 2,065,000 won, about 88.1 percent and 27.3 percent higher than the minimum wage level and actual wage level, respectively.
The workers said they would open a business of their own back home with the money they save in Korea (43.9%), followed by they would spend the money for their family (29.3%) and they would buy a house or other real estate properties (11.8%).
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