SEOUL, Dec. 30 (Xinhua) -- South Korea's real wage, adjusted for inflation, rebounded in October due to fast increase in nominal wage, labor ministry data showed Tuesday.
The per-capita nominal monthly average wage in businesses with one or more regular employees gained 7.2 percent from a year earlier to 4,203,000 won (2,920 U.S. dollars) in October, after growing 0.7 percent in the previous month, according to the Ministry of Employment and Labor.
The real monthly wage rose 4.7 percent in October on a yearly basis, turning around from a reduction of 1.4 percent in September.
The consumer price inflation hovered around the central bank's inflation target of 2 percent in recent months, with 2.2 percent in June, 1.7 percent in August and 2.4 percent in October.
The monthly average working hours per employee in the businesses declined 8.8 percent to 138.9 hours in October compared to the same month of last year.
The water supply, sewage and waste management, and materials recovery industry recorded the longest monthly working hours of 155.6, followed by the real estate sector with 153.6 hours. The construction industry logged the shortest working hours of 117.5 in the cited month. ■
