Average Loss Control Specialist Salary in Bucheon, South Korea for 2025

In this article, we will look at the average Loss Control Specialist salary for 2025 in Bucheon and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the South Korean won. To keep things simple, we are using the KRW currency code instead of the currency symbol .

How Much Does a Loss Control Specialist Make in Bucheon?

A Loss Control Specialist working in Bucheon will typically earn around 40,559,300 KRW per year, and this can range from the lowest average salary of about 21,121,400 KRW to the highest average salary of 62,159,000 KRW.

Average Annual Salary40,559,300 KRW
Average Monthly Salary3,379,941 KRW
Average Lowest Salary21,121,400 KRW
Lowest Monthly Salary1,760,116 KRW
Average Highest Salary62,159,000 KRW
Highest Monthly Salary5,179,916 KRW

These are average salaries for a Loss Control Specialist in Bucheon and include benefits such as housing and transport. It's also possible for a Loss Control Specialist to earn more or less than the average salaries shown above.

Loss Control Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Loss Control Specialist Salaries in Bucheon

So we've looked at the average salaries a Loss Control Specialist will earn in Bucheon. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loss Control Specialist can earn between 21,121,400 KRW and 62,159,000 KRW on average in Bucheon. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Loss Control Specialist in Bucheon is 39,001,000 KRW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,001,000 KRW, and 50% of the population earn more than 39,001,000 KRW.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Loss Control Specialist salary in Bucheon, 25% of the population are earning less than 27,001,700 KRW while 75% of the population earn more than 27,001,700 KRW.

75% of the population earn less than 48,480,700 KRW, and 25% of the population earn more than 48,480,700 KRW.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Loss Control Specialist Salary by Experience Level in Bucheon

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Loss Control Specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Loss Control Specialist in Bucheon that has less than two years of experience can expect to earn somewhere in the region of 24,000,900 KRW.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Control Specialist salary would increase to 32,161,000 KRW.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Control Specialist, the average salary would be 41,878,100 KRW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 50,639,500 KRW.
  • 15 - 20 Years Experience. A Loss Control Specialist with 15 to 20 years of experience can earn an average of 55,318,200 KRW.
  • 20+ Years Experience. For a Loss Control Specialist with more than 20 years, the expected average salary increases to 58,199,900 KRW.

Average Salary by Experience Chart

0-2 Years-
24,000,900 KRW
2-5 Years+34%
32,161,000 KRW
5-10 Years+30%
41,878,100 KRW
10-15 Years+21%
50,639,500 KRW
15-20 Years+9%
55,318,200 KRW
20+ Years+5%
58,199,900 KRW

Loss Control Specialist Salary by Education Level in Bucheon

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Loss Control Specialist in Bucheon based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Loss Control Specialist in Bucheon with a bachelor's degree education can earn an average salary of 33,841,700 KRW.
  • Master's Degree. A Loss Control Specialist in Bucheon with a master's degree education can earn an average salary of 46,921,300 KRW.

Average Salary by Education Chart

Bachelor's Degree-
33,841,700 KRW
Master's Degree+39%
46,921,300 KRW

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in South Korea is around 19,400,000 to 58,300,000 KRW and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Loss Control Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Bucheon, a male loss control specialist will earn an average of 49,678,100 KRW, while a female loss control specialist will earn around 46,080,100 KRW.

This means that a male loss control specialist earns approximately 8% more than a female loss control specialist for performing the same job.

Average Salary by Gender Chart in Bucheon

Male-
49,678,100 KRW
Female-8%
46,080,100 KRW

Loss Control Specialist Average Pay Raise in Bucheon

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Loss Control Specialist in Bucheon is around 11% every 16 months.

The national average pay raise across all professions and industries in South Korea is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 16 ) × 12  = 8%

What this means is that a Loss Control Specialist in Bucheon can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Bucheon for 2025

In the chart below, you can see the average annual pay raise percentages for each of the major industries in South Korea.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
6%
Energy-
3%
Information Technology-
9%
Healthcare-
6%
Travel-
3%
Construction-
9%
Education-
6%

Loss Control Specialist Bonus and Incentive Rates in Bucheon

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Loss Control Specialist is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus-
59%
No Bonus-
41%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in South Korea earn approximately 6% more than private sector employees in the same role.

Public Sector-
47,880,300 KRW
Private Sector-6%
45,239,100 KRW

Salaries for Jobs Similar to a Loss Control Specialist

In the table below, we have salary information for jobs that are similar to a Loss Control Specialist in Bucheon.

Job TitleCategorySalary
Actuarial AnalystInsurance65,041,800 KRW
Actuarial AssistantInsurance46,438,700 KRW
Actuarial SpecialistInsurance47,640,400 KRW
ActuaryInsurance66,119,000 KRW
Adjustment Insurance ClerkInsurance17,879,000 KRW
Assistant BrokerInsurance30,001,600 KRW
Assistant Claims ManagerInsurance50,878,500 KRW
Associate Insurance RepresentativeInsurance25,321,400 KRW
Auditing Insurance ManagerInsurance72,240,100 KRW
BrokerInsurance48,119,900 KRW
Claim Advocacy ProfessionalInsurance49,801,000 KRW
Claims AdjusterInsurance18,359,600 KRW
Claims AnalystInsurance26,040,800 KRW
Claims ExaminerInsurance26,399,200 KRW
Claims ManagerInsurance65,641,400 KRW
Claims ProcessorInsurance17,519,700 KRW
Claims RepresentativeInsurance22,198,500 KRW
Claims Resolution SpecialistInsurance54,239,900 KRW
Claims SupervisorInsurance47,401,700 KRW
Complaints SpecialistInsurance46,560,900 KRW
Compliance ExaminerInsurance46,921,300 KRW
Compliance OfficerInsurance40,199,100 KRW
Compliance ReviewerInsurance46,921,300 KRW
ConsultantInsurance49,318,100 KRW
Eligibility InterviewerInsurance54,000,800 KRW
Eligibility SpecialistInsurance48,721,100 KRW
Insurance Account ManagerInsurance58,919,600 KRW
Insurance Accounts ExecutiveInsurance53,158,700 KRW
Insurance AdjusterInsurance43,081,400 KRW
Insurance AgentInsurance29,399,100 KRW
Insurance AnalystInsurance48,119,900 KRW
Insurance AppraiserInsurance50,398,300 KRW
Insurance Claims ClerkInsurance17,159,700 KRW
Insurance ExaminerInsurance42,839,200 KRW
Insurance InvestigatorInsurance44,641,600 KRW
Insurance ManagerInsurance82,080,500 KRW
Insurance Operations ManagerInsurance84,001,900 KRW
Insurance Policy Processing ClerkInsurance17,879,000 KRW
Insurance Pricing AssistantInsurance37,078,800 KRW
Insurance Program ManagerInsurance60,361,600 KRW
Insurance Project ManagerInsurance62,879,900 KRW
Insurance Quality Assurance AgentInsurance40,079,600 KRW
Insurance Sales AgentInsurance28,919,800 KRW
Insurance Sales DirectorInsurance80,640,500 KRW
Insurance Sales ManagerInsurance60,239,600 KRW
Insurance Sales RepresentativeInsurance25,679,100 KRW
Insurance Team LeaderInsurance50,039,800 KRW
Insurance UnderwriterInsurance36,841,600 KRW
Loss Prevention InvestigatorInsurance52,201,800 KRW
Loss Prevention ManagerInsurance67,079,700 KRW
Loss Prevention SpecialistInsurance49,801,000 KRW
Marine UnderwriterInsurance35,521,100 KRW
Medical AuditorInsurance48,480,700 KRW
Monitoring and Performance OfficerInsurance34,198,600 KRW
Payment Services SpecialistInsurance50,398,300 KRW
Policy Change DirectorInsurance77,881,500 KRW
Policy Change SupervisorInsurance54,479,300 KRW
Policy Change TechnicianInsurance22,441,700 KRW
Risk AnalystInsurance53,278,500 KRW
Risk Management DirectorInsurance93,601,400 KRW
Risk Management SupervisorInsurance61,321,600 KRW
Risk ManagerInsurance92,518,400 KRW
Risk Modeling ManagerInsurance93,838,400 KRW
Title Insurance TypistInsurance42,601,100 KRW
Training ManagerInsurance52,319,400 KRW

Salary Comparison by City

If you want to compare salaries with different cities in South Korea, you can use the links below to explore the data for each specific city we have researched.

CityAverage Salary
Busan49,678,100 KRW
Daegu47,640,400 KRW
Daejeon46,560,900 KRW
Goyang42,479,000 KRW
Gwangju45,599,600 KRW
Incheon48,601,200 KRW
Seongnam41,761,800 KRW
Seoul50,639,500 KRW
Suweon44,519,300 KRW
Ulsan43,438,200 KRW

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