December 28, 2021
1 min read

S.Korean President’s annual salary set at $202,815

The annual salary of South Korean President Moon Jae-in for 2022 was set at 240.6 million won ($202,815) as the Cabinet approved the personnel and management ministry’s pay raise plan for public servants on Tuesday…reports Asian Lite News

According to the plan, public servants will get a 1.4 per cent raise for their salary for 2022.

Prime Minister Kim Boo-kyum will get an annual salary of 186.5 million won, while deputy prime ministers and chief state auditor will receive 141.1 million won next year, reports Yonhap News Agency.

S.Korean President’s annual salary set at $202,815

The annual salary of ministers was set at 137.1 million won, while that of vice minister level officials was set at 133.2 million won.

Despite the raise, the government said high-ranking officials and political service servants, including the President and the Prime Minister, will return the increased amount of their salaries to share the burden with people suffering from the Covid-19 pandemic, meaning they will receive the same wages they received in 2021.

For public servants, the government gave a 3.5 per cent pay raise for 2017, followed by 2.6 per cent for 2018, 1.8 per cent for 2019, 2.8 per cent for 2020 and 0.9 per cent for 2021.

ALSO READ: S.Korea-US currency swap deal expires on Dec 31

Meanwhile, the monthly wage for soldiers was raised 11.1 per cent, which means an Army sergeant will make 676,100 won per month.

The government also decided to double the medical service allowance for public officials caring for Covid-19 patients at national hospitals and institutions from 50,000 won to 100,000 won per month.

Previous Story

Putin Monitors Afghan-Tajik border row

Next Story

14 years on, Benazir’s murder still remains a mystery

Latest from News

VPR Award Ceremony at TVM on October 1

The award was instituted by Kerala Media Academy with the support of VP Ramachandran’s family. The award contains a cash prize worth one lakh rupees, a citation, and a plaque Acclaimed journalist Shashi

GST Reform Fuels Auto Boom

Maruti Suzuki, India’s largest carmaker, also witnessed exceptional momentum. On Day 1 of the reforms, it reported over 30,000 retail sales and approximately 80,000 customer enquiries. Bookings for small cars rose by

Tejashwi claims ‘public fury’ against Bihar govt

Tejashwi Yadav’s Bihar Adhikar Yatra draws thousands, with RJD claiming growing anger over corruption, crime and unemployment, while NDA leaders tout development ahead of crucial state elections. Rashtriya Janata Dal (RJD) leader

NHAI Eyes Rs 40,000 Crore

Of this, the TOT route accounted for 53 per cent of total monetisation during FY2019-FY2025. InvIT, introduced in FY2022, has steadily expanded its share, reflecting NHAI’s strategy to diversify its funding mechanisms
Go toTop

Don't Miss

S.Korean carmakers’ market share falls in 2022

Last year’s drop was led by sinking sales in China

S.Korea-US currency swap deal expires on Dec 31

The BOK said that the expiration of the currency swap