60-Year-Old Occupation and Salary Ranking by Region in Korea

60-Year-Old Occupation and Salary Ranking by Region in Korea

※ As professionals reach their 60s, many are at the pinnacle of their careers, often holding senior executive or specialized roles. However, salaries and job opportunities can vary significantly based on occupation, industry, and region. Some 60-year-olds may still be working full-time in high-paying roles, while others may have transitioned to advisory or consulting positions. This article will explore the salary rankings for 60-year-olds by occupation and region in Korea, helping to identify where the best-paying opportunities exist. 😅

 

Key Factors Affecting Salaries for 60-Year-Olds in Korea

1. Industry: High-demand industries, such as finance, healthcare, and engineering, typically offer the highest salaries for older professionals. In contrast, sectors like education or public services might see lower compensation at this stage of a career.
2. Region: Salaries differ greatly by region, with metropolitan areas like Seoul and Busan offering higher pay due to larger corporate presence and economic activity, while rural regions tend to have lower average salaries.
3. Position Level: Many 60-year-olds hold senior executive or board positions, which significantly boosts their earnings. Those in advisory roles or semi-retirement may earn less but still command considerable salaries based on experience.
4. Company Type: Larger corporations, multinational companies, and government-linked entities tend to offer higher salaries compared to smaller private enterprises.

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Occupational Salary Rankings for 60-Year-Olds by Region

1. Seoul – The Highest Salaries in the Capital

• Top Occupations:
  1. Chairman/CEO: ₩25 million/month
  2. Corporate Board Member: ₩23 million/month
  3. Senior Consultant (Finance): ₩20 million/month
  4. Specialist Doctor (Consulting role): ₩18 million/month
  5. Legal Advisor (Senior Lawyer): ₩17 million/month
  • Description: As the economic hub of Korea, Seoul provides the highest salaries, especially in leadership roles within finance, law, and consulting industries. Senior roles often extend into board memberships or advisory positions.

2. Busan – Economic and Trade Powerhouse

• Top Occupations:
  1. Port Executive Director: ₩20 million/month
  2. Shipping Industry CEO: ₩18 million/month
  3. Logistics Consultant: ₩16 million/month
  4. Construction Executive: ₩15 million/month
  5. Engineering Director: ₩14 million/month
  • Description: Busan’s economic strength lies in its international shipping and logistics sectors, offering high salaries to professionals in these industries, especially at the executive and consulting levels.

3. Ulsan – The Industrial Giant

• Top Occupations:
  1. Petrochemical Plant Executive: ₩22 million/month
  2. Senior Mechanical Engineer (Consultant): ₩19 million/month
  3. Manufacturing Director: ₩18 million/month
  4. Industrial Operations Consultant: ₩16 million/month
  5. Chemical Industry Specialist: ₩15 million/month
  • Description: Ulsan remains a high-paying region for professionals in the petrochemical and industrial sectors, with senior consultants and executives earning impressive salaries.

4. Incheon – A Strategic Logistics and Aviation Hub

• Top Occupations:
  1. Aviation Executive (Airport Operations): ₩20 million/month
  2. Logistics Senior Consultant: ₩18 million/month
  3. Airline Senior Pilot (Advisory Role): ₩17 million/month
  4. Port Operations Director: ₩15.5 million/month
  5. Senior IT Consultant: ₩14 million/month
  • Description: Incheon’s proximity to international trade and aviation positions makes it a prime location for high-paying jobs in logistics and airport operations, with lucrative roles for senior consultants and executives.

5. Daejeon – The Technology and Research Center

• Top Occupations:
  1. Senior R&D Consultant: ₩16 million/month
  2. Chief Technology Officer (CTO): ₩15.5 million/month
  3. Biotechnology Executive: ₩15 million/month
  4. Nuclear Energy Consultant: ₩14.5 million/month
  5. Research Scientist (Senior): ₩14 million/month
  • Description: Daejeon offers competitive salaries for professionals in research and technology roles, making it a top region for those working in biotechnology, energy, and advanced research fields.

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6. Gyeonggi Province – Industrial and Technological Growth Region

• Top Occupations:
  1. Manufacturing Plant Executive: ₩17 million/month
  2. Construction Project Director: ₩16 million/month
  3. Automotive Senior Consultant: ₩15.5 million/month
  4. Logistics Manager (Senior): ₩14.5 million/month
  5. IT Systems Director: ₩14 million/month
  • Description: Gyeonggi Province’s proximity to Seoul and its strong industrial sector provides high-paying roles in manufacturing, technology, and construction, with senior leadership positions being the most lucrative.

7. Gwangju – A Growing Center for Culture and Manufacturing

• Top Occupations:
  1. Automotive Plant Senior Manager: ₩14 million/month
  2. Cultural Industry Executive: ₩13 million/month
  3. Construction Director: ₩12.5 million/month
  4. Healthcare Senior Consultant: ₩12 million/month
  5. IT Project Director: ₩11 million/month
  • Description: Gwangju offers competitive salaries in the automotive and construction sectors, as well as growing opportunities in cultural industries and healthcare management.

8. Chungcheong Province – Biotechnology and Agriculture Focus

• Top Occupations:
  1. Biotechnology Executive: ₩15 million/month
  2. Agriculture Operations Manager: ₩13.5 million/month
  3. Pharmaceutical Senior Consultant: ₩13 million/month
  4. Healthcare Administrator: ₩12.5 million/month
  5. Research Scientist (Senior): ₩12 million/month
  • Description: Chungcheong’s strengths in biotechnology and agriculture offer high-paying roles, particularly for executives and senior consultants in pharmaceuticals and research.

9. Jeju Island – A Tourism-Driven Economy

• Top Occupations:
  1. Resort Operations Executive: ₩14.5 million/month
  2. Tourism Development Director: ₩14 million/month
  3. Hospitality Senior Consultant: ₩13 million/month
  4. Event Management Director: ₩12 million/month
  5. Restaurant Chain Senior Manager: ₩11.5 million/month
  • Description: Jeju Island is known for its tourism industry, offering lucrative salaries to senior professionals in resort management, hospitality, and event planning.

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Key Takeaways from the Regional Salary Rankings

1. Seoul continues to offer the highest salaries, especially for corporate leaders and high-level consultants in finance, law, and technology.
2. Busan and Incheon rank highly due to their importance in trade and logistics, with significant salaries for executives in these sectors.
3. Ulsan remains a stronghold for industrial roles, particularly in the petrochemical and manufacturing industries.
4. Jeju Island stands out for its growing hospitality and tourism sectors, providing solid pay for executives and consultants in these industries.

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Conclusion: Where Do 60-Year-Olds Earn the Most in Korea?

At age 60, many professionals hold senior leadership or consulting positions, which allow them to earn competitive salaries, particularly in major economic hubs such as Seoul, Busan, and Ulsan. While the industry plays a significant role in determining salary, the region where one works can greatly impact overall earning potential. High-paying roles can be found across Korea, offering 60-year-old professionals numerous opportunities to continue building wealth as they advance in their careers.