Ⅰ. Major Economic Indicators 1

◈ Explanation on National Accounts Statistics 1
1. National Accounts 1
2. National Accounts Statistics Terminology 2
3. Revision of the National Accounts Reference Year to 2010 3

◈ Labor Income Share 11

Ⅱ. Employment 12

◈ Explanation on Employment Statistics 12
1. Household Surveys 12
2. Establishment Surveys 14

◈ Explanation on Employment Insurance Statistics 15
1. Definition 15
2. Chronology 15
3. Major Employment Statistics 16

Ⅲ. Wage and Labor Productivity 53

◈ Explanation on Wages 53
1. Wages 53
2. References 54

◈ Explanation on Labor Costs 75
1. Labor Costs 75
2. References 76
3. Notes 76

◈ Explanation on Minimum Wage 80
1. Definition and Chronology 80
2. Objective of Enacting the Minimum Wage Act 80
3. Minimum Wage Coverage 80
4. Minimum Wage Amount 81
5. Period of Application 82
6. Calculation of the Minimum Wage 82
7. Others 82

◈ Explanation on Labor Productivity 85
1. Labor Productivity as Defined by the Korea Productivity Center (KPC) 86
2. Wage-related Labor Productivity 86
3. References 87

◈ Explanation on Business Management 94
1. Explanation on Major Business Indicators 94
2. References 99

Ⅳ. Working Life 107

◈ Explanation on Working Hours 107
1. Definition 107
2. References 107

◈ Explanation on Inequality and Poverty 108
1. Income Sources and Household Equivalence 108
2. Income Inequality Index and Poverty Rate 109

◈ Explanation on Industrial Safety 110
1. Industrial Accident Indicators 110
2. Equation and Definition of Each Indicator 110

◈ Explanation on Social Security 111

Ⅴ. Industrial Relations 147

◈ Explanation on Industrial Relations 147
1. Explanation on major industrial relations indicators 147
2. References 148

Since 1989, the Korea Labor Institute has published wage statistics, first in Statistics on Wages, then in KLI Labor Statistics, as a way to provide the basic data set needed for wage bargaining. However, demand has been growing from industrial relations managers, policymakers, academia, and the general public for broader labor statistics that include employment and industrial relations. To meet the needs of these stakeholders, in 1992 the KLI revised and expanded the former Statistics on Wages as KLI Labor Statistics to provide statistical data not only on wages but on labor in general.

Recent changes in labor have led to significant adjustments in the required statistics as well. Keeping abreast with the changes, in 2008 the KLI published Labor in Korea 1987?2006: Looking through the Statistical Lens, an overview of the status of and challenges in the labor market and industrial relations in the past 2 decades. Furthermore, KLI Labor Statistics was overhauled to focus more on the key issues of the labor market and industrial relations. Each of the key issues provides not only major economic statistics but also in-depth labor statistics indicators, to enable a more structured understanding of the labor market and industrial relations in Korea.