An employee at drug company earns average KRW 41M

MOEL reports statistics on salary by industry and job type

Employees working over 25 years make 64.43 million won a year

Entry level with undergraduate degree makes 11.35 million won more than ones with high school diploma

Apparently, the government statics say the average annual salary of the South Korean pharmaceutical industry is 41.4 million won.

 

It was just shy of the general industry average.

 

Depending on the pharmaceutical companies, some had average salary gap over 10 million among their employees.

 

A university undergraduate’s average salary started from 34.77 million won, which is 11 million won more than the high school graduates.

 

On Nov.

 

19, Ministry of Employment and Labor (MOEL) disclosed the wage by industry as of June 2020 through the wage and job information system.

 

For the second time, MOEL has presented the analysis of wage based on the employment due diligence as of June this year by job types from 2017 through 2019.

 

Average salary in pharmaceutical companies by employment size (Unit: KRW) Source: MOEL

According to the statistics, the jobs in the medical substance and pharmaceutical manufacturing industry make annually average salary of 41.4 million won.

 

Basically, the pharmaceutical industry’s average annual salary is 1.88 million won less than the general industry’s average of 43.28 million won.

 

However, the annual salary at pharmaceutical companies varied widely depending on the size.

 

The employees at pharmaceutical companies with over 300 employees are making average annual salary of 48.14 million won, which is 11 million won more than employees at companies with five to 29 employees (36.79 million won).

 

Employees at companies with 30 to 99 employees and with 100 to 299 employees are making 38.29 million won and 44.73 million won, respectively.

 

Also the average annual salary varied depending on the education level of the employees.

 

The average salary of employees with undergraduate degree is 47.85 million won, making 14.42 million won more than the high school graduate employees with 33.43 million won.

 

Average salary in pharmaceutical companies for an entry level employee with less than a year employment size (Unit: KRW) Source: MOEL

An entry level employee with less than a year of employment is making average of 30.45 million won a year.

 

Specifically, the employees at pharmaceutical companies with over 300 employees are earning 36.57 million won a year, or 5.19 million won more than employees at companies with five to 29 employees (25.36 million won).

 

An entry level employee with an undergraduate degree is earning 34.77 million won per year, whereas ones with two-year college degree or high school diploma are earning 29.72 million won and 23.42 million won, respectively.

 

Average salary in pharmaceutical companies for an entry level employee with less than a year employment size (Unit: KRW) Source: MOEL

The statistics on average salary by employment years in pharmaceutical companies found employees, who have worked over 25 years, are earning average of 64.43 million won.

 

By third to fifth year, the salary exceeds 40 million won, and it exceeds 55.29 million won by 15th to 20th year.

 

A male employee (45.72 million won) is making average 10 million won more than a female employee (34.17 million won) in the entire pharmaceutical industry.

 

The salary gap seems to be big as the male employees tend to be employed longer compared to female employees.