Korean Patent Attorney Salary

Pinterent September 01, 2023 Comment

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All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Litigation Attorney in Korea (South) typically earns around 9, 270, 000 KRW. Salaries range from 4, 820, 000 KRW (lowest) to 14, 200, 000 KRW (highest).

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This is the average salary including housing, transport, and other benefits. Litigation Attorney salaries in Korea (South) vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Litigation Attorney and this is what we found.

While someone with an experience level between two and five years is expected to earn 7, 350, 000 KRW, 34% more than someone with less than two year's experience.

Litigation Attorney Average Salary In Korea (south) 2023

Moving forward, an experience level between five and ten years lands a salary of 9, 550, 000 KRW, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 11, 600, 000 KRW, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 12, 600, 000 KRW, 9% more than someone with ten to fifteen years of experience.

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Lastly, employees with more than twenty years of professional experience get a salary of 13, 300, 000 KRW, 5% more than people with fifteen to twenty years of experience.

Salary Comparison By Education / Litigation Attorney / Korea (South)How do education levels affect salaries?Displayed below is the average salary variance between different education levels of professionals working as Litigation Attorney.

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Litigation Attorney in order to make a comparison.

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A Master's degree program or any post-graduate program in Korea (South) costs anywhere from 19, 500, 000 KRW to 58, 500, 000 KRW and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

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If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Litigation Attorney in Korea (South), the average difference between the salary of male and female employees is 6%.

Average Annual Salary Increment Percentage / Litigation Attorney / Korea (South)How much are annual salary increments in Korea (South) for individuals working as Litigation Attorney? How often do employees get salary raises?

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Individuals working as Litigation Attorney in Korea (South) are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

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The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Litigation Attorney / Korea (South)How much and how often are bonuses being awarded?Share This Chart Tweet Get Chart Linkhttp:///charts/korea-(south)/legal/litigation-attorney/annual-salary-bonus-rate-korea-(south)-litigation-attorney.jpg 44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus. Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.Received Bonus56%No Bonus44%Types of Bonuses ConsideredIndividual Performance-Based Bonuses The most standard form of bonus, where the employee is awarded based on their exceptional performance. Company Performance Bonuses Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses These types of bonuses are given without a reason and usually resemble an appreciation token.Bonuses Are Not Commissions! People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. What makes a position worthy of good bonuses and a high salary?

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Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

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Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

The average hourly wage (pay per hour) for individuals working as Litigation Attorney in Korea (South) is 53, 500 KRW.This is the rate they get paid for every worked hour.

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.What is the minimum hourly rate of pay?

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The minimum pay rate per hour for people working as Litigation Attorney in Korea (South) is 27, 800 KRW. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Korea (South) is 6% on average across all career fields.

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