Workers' remittances paid reached 12,366 USD mil in 2017 in South Korea, according to the National Statistical Office. This is 18.2 % more than in the previous year.
Historically, workers' remittances paid in South Korea reached an all time high of 12,366 USD mil in 2017 and an all time low of 1.00 USD mil in 1976. When compared to South Korea's main peers, workers' remittances paid in China amounted to 16,178 USD mil, 5,283 USD mil in Japan and 111 USD mil in Vietnam in 2017.
South Korea has been ranked 13th within the group of 142 countries we follow in terms of workers' remittances paid.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.