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Planning to build a career as an accountant in South Korea can be a rewarding career. The demand for this profession is high due to its competitive pay range. But are you curious about the earning potential for accountants in South Korea? In this complete article, we will help you to understand the average salary range of an accountant in South Korea with the different parameters that help to increase the salary potential. If you want to read more about accountant salary in South Korea, you are on the right page. We will help you by providing brief information on the average salary range of an accountant in South Korea.
This Blog Includes:
- What is the Average Accountant Salary in South Korea?
- Accountant Salary in South Korea By Experience Level
- Accountant Salary in South Korea By Education Level
- Accountant Salary in South Korea By Organisation
- Accountant Salary in South Korea By Cities
- Accountant Salary in South Korea By Positions
- FAQs
What is the Average Accountant Salary in South Korea?
Accountants in South Korea earn a decent salary, with an average annual income of KRW 42,601,100, translating to a monthly average of KRW 3,550,091. However, the salary range for accountants is quite broad, influenced by factors like experience, qualifications, and the specific company. While the lowest annual salary is KRW 20,878,800 (KRW 1,739,900 monthly), the highest can reach KRW 66,481,700 annually (KRW 5,540,141 monthly).
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Accountant Salary in South Korea By Experience Level
Accountant salaries in South Korea vary depending on experience level, location, and the specific company. However, based on data from SalaryExpert and ERI, here’s a general breakdown:
| Experience Level | Average Salary Per Year |
| 0-2 Years | KRW 24,718,600 |
| 2-5 Years | KRW 31,800,300 |
| 5-10 Years | KRW 43,921,700 |
| 10-15 Years | KRW 54,358,300 |
| 15-20 Years | KRW 58,199,900 |
| 20+ Years | KRW 62,159,000 |
Accountant Salary in South Korea By Education Level
In South Korea, an accountant’s salary is influenced significantly by their education level, certifications, and specialized training. Here’s an overview of average annual salaries by education level for accountants:
| Education Level | Average Salary Per Year |
| Certificate or Diploma | KRW 31,800,300 |
| Bachelor’s Degree | KRW 42,719,800 |
| Master’s Degree | KRW 65,519,800 |
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Accountant Salary in South Korea By Organisation
Accountant salaries in South Korea vary not only by experience level but also by the specific organization. Here’s a general breakdown based on different types of organizations:
| Organisation | Average Salary Per Year |
| PwC | KRW 50,000,000- KRW 60,000,000 |
| Deloitte | KRW 330,000- KRW 770,000 |
| Hoganas | KRW 280,000- KRW 300,000 |
| Samsung Electronics | KRW 100,000,000- KRW 102,000,000 |
| LG Electronics | KRW 50,000,000- KRW 60,000,000 |
| EY | KRW 90,000,000 KRW 100,000,000 |
| KPMG | KRW 50,000,000 KRW 60,000,000 |
| Qualcomm | KRW 60,000,000- KRW 70,000,000 |
| Etax Accountant | KRW 300,000- KRW 400,000 |
Accountant Salary in South Korea By Cities
Accountant salaries in South Korea vary by city, primarily due to cost of living differences, concentration of multinational firms, and regional economic factors. Here’s an overview of average annual accountant salaries in major cities:
| Cities | Average Salary Per Year |
| Bucheon | KRW 38,158,300 |
| Daegu | KRW 45,599,600 |
| Goyang | KRW 38,878,700 |
| Busan | KRW 45,119,800 |
| Daejeon | KRW 45,719,900 |
| Seoul | KRW 49,561,800 |
| Seongnam | KRW 40,199,100 |
| Suwon | KRW 41,761,800 |
| Ulsan | KRW 42,839,200 |
| Incheon | KRW 45,361,500 |
| Gwangju | KRW 41,520,800 |
Accountant Salary in South Korea By Positions
In South Korea, accountant salaries vary by position, experience, and the type of firm (local vs. multinational). Here’s a general breakdown of average annual salaries for different accounting positions in South Korea:
| Positions | Average Salary Per Year |
| Accounting Analyst | KRW 43,800,600 |
| Accounting Associate | KRW 24,841,800 |
| Accounting Clerk | KRW 20,518,900 |
| Accounting Coordinator | KRW 30,119,100 |
| Accounting Head | KRW 67,558,400 |
| Accounting Manager | KRW 69,359,500 |
| Cost Analyst | KRW 53,158,700 |
| Credit Controller | KRW 48,239,000 |
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FAQs
In South Korea, the average salary for an accountant is KRW 31,378 per hour, or KRW 65,266,195 annually.
The job market for recent accounting graduates in Korea is quite competitive. This division assists in the more rigorous and scientific management of financial issues. Skilled workers who are proficient in Korean are always needed by Korean businesses.
Yes, without a doubt. Due to the worldwide recognition of my qualifications, I was able to accept multiple positions abroad.
In the Seoul, South Korea, area, the typical monthly wage for a chartered accountant is KRW 40,28,200, with an anticipated total compensation of KRW 40,30,118.
This was all about the Accountant’s Salary in South Korea, for more informative blogs follow Leverage Edu and our main Page Job Abroad for salary updates.
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