Average Tool Technician Salary in South Korea for 2024

In this article, we will look at the average Tool Technician 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 Tool Technician Make in South Korea?

A Tool Technician working in South Korea will typically earn around 13,561,900 KRW per year, and this can range from the lowest average salary of about 7,020,500 KRW to the highest average salary of 20,639,100 KRW.

Average Annual Salary
13,561,900 KRW
Average Monthly Salary
1,130,158 KRW

Lowest Annual Salary
7,020,500 KRW
Lowest Monthly Salary
585,041 KRW

Highest Annual Salary
20,639,100 KRW
Highest Monthly Salary
1,719,925 KRW

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

Tool Technician 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 Tool Technician Salaries in South Korea

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

Salary ranges

We already know that a Tool Technician can earn between 7,020,500 KRW and 20,639,100 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 Tool Technician in South Korea is 12,958,200 KRW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 12,958,200 KRW, and 50% of the population earn more than 12,958,200 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 Tool Technician salary in South Korea, 25% of the population are earning less than 8,988,700 KRW while 75% of the population earn more than 8,988,700 KRW.

75% of the population earn less than 16,198,300 KRW, and 25% of the population earn more than 16,198,300 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.

Tool Technician 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 tool technician 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 Tool Technician in South Korea that has less than two years of experience can expect to earn somewhere in the region of 7,980,700 KRW.
  • 2 - 5 Years Experience. With two to five years of experience the average Tool Technician salary would increase to 10,704,700 KRW.
  • 5 - 10 Years Experience. From five to ten years of experience as a Tool Technician, the average salary would be 13,919,600 KRW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 16,799,900 KRW.
  • 15 - 20 Years Experience. A Tool Technician with 15 to 20 years of experience can earn an average of 18,359,600 KRW.
  • 20+ Years Experience. For a Tool Technician with more than 20 years, the expected average salary increases to 19,321,100 KRW.

Average Salary by Experience Chart

0-2 Years
7,980,700 KRW
2-5 Years +34%
10,704,700 KRW
5-10 Years +30%
13,919,600 KRW
10-15 Years +21%
16,799,900 KRW
15-20 Years +9%
18,359,600 KRW
20+ Years +5%
19,321,100 KRW

Tool Technician 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 Tool Technician 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 Tool Technician in South Korea with a high school education can earn an average salary of 10,018,700 KRW.

  • Certificate or Diploma. A Tool Technician in South Korea with a certificate or diploma education can earn an average salary of 16,799,900 KRW.

Average Salary by Education Chart

High School
10,018,700 KRW
Certificate or Diploma +68%
16,799,900 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.

Tool Technician 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 tool technician will earn an average of 13,919,600 KRW, while a female tool technician will earn around 13,199,100 KRW.

This means that a male tool technician earns approximately 5% more than a female tool technician for performing the same job.

Average Salary by Gender Chart in South Korea

Male
13,919,600 KRW
Female -5%
13,199,100 KRW

Tool Technician 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 Tool Technician in South Korea is around 9% every 17 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 = ( 9 ÷ 17 ) × 12  = 6%

What this means is that a Tool Technician in South Korea can expect to receive an average pay raise of around 6% 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%

Tool Technician 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 Tool Technician is a low bonus based job, with 27% of employees reporting at least one bonus in the last 12 months.

73% 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 1% to 3%.

Received Bonus
27%
No Bonus
73%

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 Tool Technician

In the table below, we have salary information for jobs that are similar to a Tool Technician in South Korea.

Job Title Category Salary
Air Conditioning Technician Facilities / Maintenance / Repair 13,199,100 KRW
Assembly Supervisor Facilities / Maintenance / Repair 21,241,100 KRW
Assistant Contract Manager Facilities / Maintenance / Repair 51,238,900 KRW
Building and Grounds Supervisor Facilities / Maintenance / Repair 32,038,500 KRW
Building Control Officer Facilities / Maintenance / Repair 30,360,800 KRW
Building Engineer Facilities / Maintenance / Repair 42,119,100 KRW
Building Services Engineer Facilities / Maintenance / Repair 43,559,400 KRW
Building Surveyor Facilities / Maintenance / Repair 26,880,900 KRW
Calibration Technician Facilities / Maintenance / Repair 15,719,900 KRW
Carpenter Facilities / Maintenance / Repair 17,640,500 KRW
Cemetery Manager Facilities / Maintenance / Repair 18,598,500 KRW
Chief Building Official Facilities / Maintenance / Repair 67,558,400 KRW
Clinical Facilities Planning Manager Facilities / Maintenance / Repair 69,001,000 KRW
Construction Laborer Facilities / Maintenance / Repair 13,319,300 KRW
Contracts Administrator Facilities / Maintenance / Repair 34,919,600 KRW
Contracts Manager Facilities / Maintenance / Repair 54,840,400 KRW
Facilities Coordinator Facilities / Maintenance / Repair 30,841,400 KRW
Facilities Director Facilities / Maintenance / Repair 73,558,300 KRW
Facilities Engineer Facilities / Maintenance / Repair 42,119,100 KRW
Facilities Maintenance Manager Facilities / Maintenance / Repair 64,920,700 KRW
Facilities Maintenance Supervisor Facilities / Maintenance / Repair 45,119,800 KRW
Facilities Manager Facilities / Maintenance / Repair 59,518,100 KRW
Field Service Manager Facilities / Maintenance / Repair 57,598,800 KRW
Field Service Technician Facilities / Maintenance / Repair 11,974,500 KRW
Fire Alarm System Installer Facilities / Maintenance / Repair 20,878,800 KRW
Glazier Facilities / Maintenance / Repair 12,841,200 KRW
HVAC Mechanic Facilities / Maintenance / Repair 13,798,900 KRW
HVAC Technician Facilities / Maintenance / Repair 13,441,600 KRW
Laborer Facilities / Maintenance / Repair 12,721,300 KRW
Maintenance Fitter Facilities / Maintenance / Repair 13,798,900 KRW
Maintenance Mechanic Facilities / Maintenance / Repair 13,319,300 KRW
Maintenance Officer Facilities / Maintenance / Repair 13,079,500 KRW
Maintenance Planner Facilities / Maintenance / Repair 19,439,300 KRW
Maintenance Supervisor Facilities / Maintenance / Repair 22,918,100 KRW
Maintenance Worker Facilities / Maintenance / Repair 12,841,200 KRW
Mechanic Facilities / Maintenance / Repair 13,798,900 KRW
Plant Engineer Facilities / Maintenance / Repair 38,399,900 KRW
Property Administration Officer Facilities / Maintenance / Repair 24,478,500 KRW
Service Engineer Facilities / Maintenance / Repair 38,521,100 KRW
Service Operations Manager Facilities / Maintenance / Repair 63,481,200 KRW
Technician Facilities / Maintenance / Repair 12,600,600 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 11,712,900 KRW
Busan 14,038,300 KRW
Daegu 12,958,200 KRW
Daejeon 13,679,300 KRW
Goyang 12,481,200 KRW
Gwangju 13,199,100 KRW
Incheon 13,441,600 KRW
Seongnam 11,569,500 KRW
Seoul 14,639,900 KRW
Suweon 12,600,600 KRW
Ulsan 13,079,500 KRW

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