Average Supply Chain Development Manager Salary in South Korea for 2024

In this article, we will look at the average Supply Chain Development Manager salary for 2024 in South Korea 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 โ‚ฉ.

How Much Does a Supply Chain Development Manager Make in South Korea?

A Supply Chain Development Manager working in South Korea will typically earn around 79,679,400 KRW per year, and this can range from the lowest average salary of about 36,601,600 KRW to the highest average salary of 127,201,600 KRW.

Average Annual Salary
79,679,400 KRW
Average Monthly Salary
6,639,950 KRW

Lowest Annual Salary
36,601,600 KRW
Lowest Monthly Salary
3,050,133 KRW

Highest Annual Salary
127,201,600 KRW
Highest Monthly Salary
10,600,133 KRW

These are average salaries for a Supply Chain Development Manager in South Korea and include benefits such as housing and transport. It's also possible for a Supply Chain Development Manager to earn more or less than the average salaries shown above.

Supply Chain Development Manager 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 Supply Chain Development Manager Salaries in South Korea

So we've looked at the average salaries a Supply Chain Development Manager will earn in South Korea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Supply Chain Development Manager can earn between 36,601,600 KRW and 127,201,600 KRW on average in South Korea. 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 Supply Chain Development Manager in South Korea is 86,040,800 KRW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 86,040,800 KRW, and 50% of the population earn more than 86,040,800 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 Supply Chain Development Manager salary in South Korea, 25% of the population are earning less than 55,201,700 KRW while 75% of the population earn more than 55,201,700 KRW.

75% of the population earn less than 114,838,300 KRW, and 25% of the population earn more than 114,838,300 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.

Supply Chain Development Manager Salary by Experience Level in South Korea

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 supply chain development manager 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 Supply Chain Development Manager in South Korea that has less than two years of experience can expect to earn somewhere in the region of 41,638,700 KRW.
  • 2 - 5 Years Experience. With two to five years of experience the average Supply Chain Development Manager salary would increase to 55,560,400 KRW.
  • 5 - 10 Years Experience. From five to ten years of experience as a Supply Chain Development Manager, the average salary would be 82,080,500 KRW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 100,081,100 KRW.
  • 15 - 20 Years Experience. A Supply Chain Development Manager with 15 to 20 years of experience can earn an average of 109,079,600 KRW.
  • 20+ Years Experience. For a Supply Chain Development Manager with more than 20 years, the expected average salary increases to 118,079,000 KRW.

Average Salary by Experience Chart

0-2 Years
41,638,700 KRW
2-5 Years +34%
55,560,400 KRW
5-10 Years +48%
82,080,500 KRW
10-15 Years +22%
100,081,100 KRW
15-20 Years +9%
109,079,600 KRW
20+ Years +8%
118,079,000 KRW

Supply Chain Development Manager Salary by Education Level in South Korea

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 Supply Chain Development Manager in South Korea based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Supply Chain Development Manager in South Korea with a high school education can earn an average salary of 50,998,800 KRW.

  • Certificate or Diploma. A Supply Chain Development Manager in South Korea with a certificate or diploma education can earn an average salary of 59,999,100 KRW.

  • Bachelor's Degree. A Supply Chain Development Manager in South Korea with a bachelor's degree education can earn an average salary of 87,118,500 KRW.

  • Master's Degree. A Supply Chain Development Manager in South Korea with a master's degree education can earn an average salary of 114,120,900 KRW.

Average Salary by Education Chart

High School
50,998,800 KRW
Certificate or Diploma +18%
59,999,100 KRW
Bachelor's Degree +45%
87,118,500 KRW
Master's Degree +31%
114,120,900 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.

Supply Chain Development Manager 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 South Korea, a male supply chain development manager will earn an average of 82,678,400 KRW, while a female supply chain development manager will earn around 76,678,200 KRW.

This means that a male supply chain development manager earns approximately 8% more than a female supply chain development manager for performing the same job.

Average Salary by Gender Chart in South Korea

Male
82,678,400 KRW
Female -8%
76,678,200 KRW

Supply Chain Development Manager Average Pay Raise in South Korea

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 Supply Chain Development Manager in South Korea is around 12% every 19 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 = ( 12 ÷ 19 ) × 12  = 8%

What this means is that a Supply Chain Development Manager in South Korea can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in South Korea for 2024

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%

Supply Chain Development Manager Bonus and Incentive Rates in South Korea

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 Supply Chain Development Manager is a high bonus based job, with 86% of employees reporting at least one bonus in the last 12 months.

14% 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 5% to 9%.

Received Bonus
86%
No Bonus
14%

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 Supply Chain Development Manager

In the table below, we have salary information for jobs that are similar to a Supply Chain Development Manager in South Korea.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 43,559,400 KRW
Asset Protection Associate Purchasing and Inventory 40,439,700 KRW
Asset Protection Specialist Purchasing and Inventory 43,438,200 KRW
Assistant Buyer Purchasing and Inventory 37,681,400 KRW
Buyer Purchasing and Inventory 64,681,900 KRW
Capacity Planner Purchasing and Inventory 47,401,700 KRW
Category Leader Purchasing and Inventory 42,959,900 KRW
Category Management Specialist Purchasing and Inventory 44,878,500 KRW
Category Manager Purchasing and Inventory 49,561,800 KRW
Channel Services Representative Purchasing and Inventory 47,158,400 KRW
Contracts Manager Purchasing and Inventory 50,398,300 KRW
Contracts Specialist Purchasing and Inventory 44,280,500 KRW
Demand Planner Purchasing and Inventory 48,239,000 KRW
Demand Planning Manager Purchasing and Inventory 56,158,300 KRW
Distribution Assistant Purchasing and Inventory 39,241,100 KRW
Distribution Associate Purchasing and Inventory 36,601,600 KRW
Distribution Manager Purchasing and Inventory 86,160,100 KRW
Inventory Analyst Purchasing and Inventory 42,839,200 KRW
Inventory Control Clerk Purchasing and Inventory 21,599,000 KRW
Inventory Control Manager Purchasing and Inventory 55,801,900 KRW
Inventory Management Associate Purchasing and Inventory 45,839,700 KRW
Inventory Specialist Purchasing and Inventory 40,559,300 KRW
Logistics Engineer Purchasing and Inventory 39,358,400 KRW
Master Planner Purchasing and Inventory 40,679,700 KRW
Material Handler Purchasing and Inventory 27,001,700 KRW
Material Planning Specialist Purchasing and Inventory 34,919,600 KRW
Merchandise Manager Purchasing and Inventory 49,198,300 KRW
Procurement Administrator Purchasing and Inventory 49,919,200 KRW
Procurement Agent Purchasing and Inventory 34,679,400 KRW
Procurement Analyst Purchasing and Inventory 55,678,400 KRW
Procurement Assistant Purchasing and Inventory 31,919,300 KRW
Procurement Associate Purchasing and Inventory 43,321,300 KRW
Procurement Clerk Purchasing and Inventory 19,678,200 KRW
Procurement Engineer Purchasing and Inventory 41,040,700 KRW
Procurement Manager Purchasing and Inventory 85,560,900 KRW
Procurement Officer Purchasing and Inventory 20,639,100 KRW
Procurement Process Analyst Purchasing and Inventory 51,361,500 KRW
Procurement Specialist Purchasing and Inventory 41,399,600 KRW
Production Planner Purchasing and Inventory 46,680,900 KRW
Project Buyer Purchasing and Inventory 52,558,300 KRW
Purchaser Purchasing and Inventory 63,000,700 KRW
Purchasing Agent Purchasing and Inventory 36,480,500 KRW
Purchasing Assistant Purchasing and Inventory 22,918,100 KRW
Purchasing Manager Purchasing and Inventory 84,840,200 KRW
Purchasing Officer Purchasing and Inventory 38,158,300 KRW
Purchasing Supervisor Purchasing and Inventory 57,961,400 KRW
Shipping and Receiving Clerk Purchasing and Inventory 20,878,800 KRW
Shipping Coordinator Purchasing and Inventory 42,479,000 KRW
Stock Clerk Purchasing and Inventory 22,799,000 KRW
Stock Regulator Purchasing and Inventory 26,280,300 KRW
Storage Manager Purchasing and Inventory 51,479,800 KRW
Store Keeper Purchasing and Inventory 22,081,800 KRW
Stores and Logistics Coordinator Purchasing and Inventory 45,599,600 KRW
Supply Chain Analyst Purchasing and Inventory 63,241,900 KRW
Supply Chain Coordinator Purchasing and Inventory 44,641,600 KRW
Supply Chain Director Purchasing and Inventory 91,801,600 KRW
Supply Chain Manager Purchasing and Inventory 89,639,700 KRW
Supply Planner Purchasing and Inventory 42,119,100 KRW
Warehouse Assistant Purchasing and Inventory 16,561,800 KRW
Warehouse Clerk Purchasing and Inventory 18,479,600 KRW
Warehouse Executive Purchasing and Inventory 69,959,300 KRW
Warehouse Lead Purchasing and Inventory 47,880,300 KRW
Warehouse Manager Purchasing and Inventory 74,639,200 KRW
Warehouse Supervisor Purchasing and Inventory 51,479,800 KRW
Wholesale Buyer Purchasing and Inventory 67,558,400 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.

City Average Salary
Bucheon 72,840,900 KRW
Busan 84,358,700 KRW
Daegu 81,840,300 KRW
Daejeon 80,640,500 KRW
Goyang 75,838,700 KRW
Gwangju 79,319,400 KRW
Incheon 83,160,200 KRW
Seongnam 73,558,300 KRW
Seoul 85,560,900 KRW
Suweon 78,121,700 KRW
Ulsan 77,041,100 KRW

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