President's annual salary set at W225m

The annual salary of President Moon Jae-in was set at 225 million won ($211,320), up 5 million won from last year, as the Cabinet approved the personnel and management ministry's pay raise plan for public servants Tuesday.

According to the plan, monthly wages for rank-and-file soldiers were raised by an average 87.8 percent. That's in line with Moon's campaign promise to increase the salaries of conscripts to half the minimum wage by 2022.

Moon at airport terminal opening President Moon Jae-in tries out an automated self-service baggage drop-off system at the second passenger terminal of Incheon International Airport, west of Seoul, on Jan. 12, 2018, ahead of the new terminal`s opening ceremony. (Yonhap)

The salaries of privates, privates first class and corporals rose from 163,000 won to 306,100 won, from 176,400 won to 331,300 won, and from 195,000 won to 366,200 won, respectively, according to the plan.

The salaries of ordinary public servants were also raised by an average 2.6 percent, while those of senior officials rose by 2 percent.

The annual salary of the prime minister was set at 174 million won, while those of the deputy prime minister and other Cabinet ministers were set at 131 million won and 128 million won, respectively. (Yonhap)