Female Bankers Earn More Than W100 Million for 1st Time

The typical yearly income of female bank employees exceeded W100 million for the very first time in 2015, a complete years behind their male equivalents (US$ 1=W1,311).

According to business reports of Korea’s leading 4 industrial banks, the typical annual pay per female at KEB Hana Bank was W102 million and at KB Kookmin Bank W101 million. At Woori and Shinhan banks their wage still lagged somewhat at W94 million and W90 million.

The boost came mainly due to the fact that females now operate in banks longer than they utilized to and for that reason receive promo. It appears lots of females now choose not to give up when they have a kid thanks to childcare advantages provided by their companies, and performance-based benefit systems guarantee that females make much better cash and increase to greater positions.

The wage space with their male equivalents is likewise narrowing. In 2019, the typical yearly income of male employees at KEB Hana was 1.53 times greater than their female equivalents’ however that diminished to 1.39 times in 2015.

At KB Kookmin, the wage space narrowed from 1.44 times to 1.34 times over the duration, from 1.59 times to 1.47 times at Shinhan and from 1.45 times to 1.26 times at Woori.