The labour costs in the South Korean clothing industry are forecasted to steadily increase from 2024 to 2028. Starting at 3.5719 trillion South Korean Won in 2024, the costs are expected to rise incrementally each year, reaching 3.6416 trillion by 2028. This consistent upward trend highlights an annual year-on-year variation of approximately 0.5% to 0.6%. When considering the Compound Annual Growth Rate (CAGR) over the five-year period, it indicates an average annual increase of 0.5% in labour costs.

Future trends to watch for include:

Potential automation and technological advancements reducing the need for manual labour.
Changes in labour laws and wage policies affecting overall labour costs.
Varying demand and supply dynamics in the global and domestic fashion markets.