Wage and Job Salary Trends (2026-11-01)
Following wage negotiations finalized in late October 2026, companies like POSCO and the Ulju-gun Facilities Management Corporation have announced their base pay raises and lump-sum payouts. This fresh data highlights the differences in wage growth between the public and private sectors.
Wage and Job Salary Trends (2026-11-01)
Key Job Salary Levels by Company
POSCO's management and labor union reached a tentative agreement during their main 2026 wage negotiation session. The core points of the deal include a 2.6% increase in base salary and a 6 million won lump-sum payment. This agreement will be finalized early next month after a vote by union members.
The Ulju-gun Facilities Management Corporation signed its 2026 wage agreement with its branch of the Korean Public Service and Transport Workers' Union. After three months of talks, both sides agreed to a 3.5% wage increase, alongside adjustments to specific items like general position fixed allowances.
Suwon City signed the '2026 Mujik (Public Sector Manual Worker) Wage and Collective (Supplementary) Agreement' with the Suwon City Mujik Labor Union on October 28. Key terms included raise rates of 4.1% and 6.2%, applied according to the base salary system.
Salary Fluctuations by Job Role
For POSCO, base salaries will rise by 2.6%, which was finalized alongside management's proposal for a 6 million won lump-sum payment in the tentative agreement.
Salaries for general positions and related roles at the Ulju-gun Facilities Management Corporation went up by 3.5%. This result came from three months of intensive bargaining, serving as an indicator of wage growth rates for public sector workers.
For Mujik roles in Suwon City, wage increases were split into two categories based on the base salary system, resulting in raises of 4.1% and 6.2%. This demonstrates how wage fluctuation ranges vary depending on the specific base salary framework.
Analysis and Background Issues
POSCO's management and union reached a tentative agreement after four months of negotiations, successfully averting a strike crisis following the union's first-ever partial strike.
The wage agreements reached by the Ulju-gun Facilities Management Corporation and Suwon City reflect ongoing trends in public sector wage settlements. Notably, Suwon City adjusted wage gaps between job roles by applying differential raise rates based on base salary systems through supplementary agreements with the Mujik union.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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