Regular workers with college degrees receive over 40 mln won in salary

The average salary for newly employed workers by large companies in Korea came to around 40 million won ($33,264) last year, a report showed Tuesday.

According to the report by the Korea Employers Federation, a business lobby group, regular employees with four-year college degrees at large companies in 2015 received an average of 40.75 million won in salary, including bonuses, during their first year of work.

Shinhan Group new recruits (Yonhap)

The amount is much larger than those working for smaller companies that employ less than 300 people. The average salary in those smaller companies stands at 25.32 million won, the report showed.

The average small company salary represents 62.1 percent of what those employed by large companies received last year.

Regular workers employed by large companies and small companies received a much smaller entry-level salary of 24.5 million won and 21.89 million won last year.

They represented 60.1 percent and 53.7 percent of regular workers at large companies, the report showed. (Yonhap)