Compensation for conscripted soldiers in South Korea 2024, by rank

In 2024, the lowest-ranking soldier in the South Korean military, the private second class, was paid 640 thousand South Korean won per month. This was 40 thousand won more than they were paid in the previous year. Conscript soldiers in South Korea, who are young men doing their mandatory military service for a period of around 18 to 20 months, were paid between 640 thousand and 1.25 million won in 2024. 

Military service in Korea

Physically and psychologically healthy South Korean men between the ages of 18 to 28 are required to serve mandatory military service. This mandatory service aims to ensure national security and defend against potential military threats from North Korea. Refusing compulsory military service can lead to legal consequences, although there are exemptions and alternatives.

Defense industry in Korea

The defense industry in South Korea has significantly grown in recent years and is also gaining more importance in the global defense market. South Korea is one of the top ten countries with the highest military spending. Additionally, the value of exports of the South Korean defense industry amounted to more than seven billion U.S. dollars. The country continues to invest in research and development (R&D) activities in the defense industry.