The percentage of individuals who have completed higher education among migrants living in South Korea is 24.6% ―11.0 percentage points lower than the value for domestic South Koreans (35.6%). The difference is considerable compared to other countries.
The skill level of migrants is relatively low compared to domestic South Koreans, and the number of migrants with low human capital is greater than the number with high human capital.
The average hourly wage for domestic South Koreans is 13.2 dollars ― 3.3 dollars higher than the average hourly wage for migrants, which is 9.9 dollars.
In the future, immigration and migrant labor policies will need to take action to make constant systematic improvements, not only to utilize migrants' human capital and skills but also to help improve South Korea's economic fundamentals.
*The full-text is available in Korean only.