Imbalanced Ratio

 

Job placement portal Saramin said that 27 out of the 30 Korean business groups with the highest annual sales that recently submitted reports to the Financial Supervisory Service paid an average non-executive employee salary of 78.28 million won (US$71,400) last year. The average reached 102 million won (US$93,040) in Samsung Electronics, and 97 million won (US$88,466) in Hyundai Motor Company and Kia Motors. 

Nineteen of the groups distinguished the average salaries of their male and female employees from each other in the reports. In the 19, the average was 87.8 million won (US$80,084) for men and 54.38 million won (US$49,603) for women. This means that men received approximately 2.78 million won (US$2,536) more each month. 

Kia Motors paid the highest average (75 million won or US$68,409) to women, followed by Samsung Electronics (74 million won or US$67,499). At present, Samsung Electronics has 72,188 male and 26,406 female employees, equivalent to a ratio of 36.5:100. Hyundai Motor Company, meanwhile, has 58,081 male and 2,746 female employees, which corresponds to a ratio of 4.7:100. The wide gender-based average salary gap is considered to be attributable to the scarcity of high-ranking female employees in the manufacturing sector. Saramin pointed out that the business groups need to take measures to foster the growth of the female workforce.

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