Korea has the second-lowest number of physicians among members of the Organization for Economic Cooperation and Development, leading to some of the highest doctors’ wages among surveyed member nations.
Doctors in Korea earn the most among 28 member countries that provided related data. Following Korea, the highest earners are in the Netherlands, Germany, Ireland and the UK. The US was among the countries for which data was not provided.
Measured by PPP, which takes into account local living costs, salaried specialists earned an average of $192,749 annually in 2020, According to the 2023 OECD Health Statistics report. That was 60 percent more than the OECD average. Korean GP salaries ranked sixth.
… The country also ranked low in the number of medical school graduates – 7.3 per 100,000 people, which is the third-lowest after Israel and Japan, and nearly half the OCED average of 14 graduates for every 100,000 people.