Buddhist Banknotes ‘Annual Salary War’ Versus Domestic Banks’ ‘Annual Salary King’ in Content Writing vs. Virtual Assistance

banker Salaries on the rise: A Deep Dive into the Financial Sector’s Compensation Trends

The financial sector is experiencing a notable shift, with banker salaries on the rise. This trend reflects a competitive landscape and strong financial performance, particularly in the first half of the year.

Commercial Banks See Modest Gains

Major commercial banks, including KB Kookmin, Shinhan, Hana, and Woori Bank, reported an average salary of 63.5 million won. This represents a 4.9% increase from the previous year. While Hana Bank led with the highest average at 68 million won,Shinhan Bank saw the most significant growth among the four,with a 7 million won increase.

Internet Banks Push the Envelope

Internet banks are aggressively competing with traditional institutions. Kakao Bank, such as, matched Hana Bank’s 68 million won average salary, marking a 10% increase. K-Bank showed the most substantial sector growth, with an notable 18% rise.

local Banks Join the Trend

Local banks are also increasing their average salaries to attract skilled professionals. The average salary in the first half of the year reached 56 million won,a 7.69% increase. BNK Financial Group led in local bank salaries, with Busan Bank at 66 million won and Kyongnam Bank at 64 million won.

Key Factors driving Salary Increases

The financial success of thes institutions is the primary driver behind the increasing banker salaries. The four major banks saw net income increase by 1.11 trillion won year-over-year. This performance, coupled with efforts to attract top talent, fuels the rise in compensation.

Did you Know? The financial sector’s salary adjustments often mirror the overall economic performance, driven by interest rate dynamics and loan activities.

Pro Tip: Stay informed on industry-specific trends. Those seeking career advancement should monitor salary benchmarks and compare offers.

Salary Comparison: Commercial, Internet, and Local Banks

Bank type	Average Salary (First half)	Year-over-Year Change
Commercial Banks	63.5 Million Won	+4.9%
Internet Banks	Varies (e.g., 68 Million Won for Kakao Bank)	Significant Growth
Local Banks	56 million Won	+7.69%

This trend underscores the dynamic nature of the financial sector and the ongoing competition for top talent.

What are your thoughts on these salary trends? Do you think this will continue?

Share your opinions and join the discussion below!

Evergreen Insights: Bank Salary Trends and Career Planning

The evolution of banker salaries provides valuable insights for both employees and job seekers.

• Skill Sets in Demand: Expertise in IT and career-oriented roles is highly valued in the internet banking sector.
• Negotiation Power: Knowing industry benchmarks can definitely help in salary negotiations.
• Long-Term Outlook: salary trends reflect broader economic conditions,impacting career paths.

Frequently asked Questions

Q: what is driving the increase in salaries?

A: Performance and the need to attract top talent.

Q: how do internet banks compete in compensation?

A: By offering competitive banker salaries to attract skilled professionals.

Q: Are local banks also increasing pay?

A: Yes, to remain competitive in the employment market.

Q: What is the average salary in commercial banks?

A: Around 63.5 million won.

Q: Which bank had the highest average salary?

A: Hana Bank and Kakao Bank.

Q: What about the growth in salaries?

A: Shinhan Bank took the lead in growth.

What specific skills within content writing are driving the highest “Buddhist banknote” offers compared to traditional banking roles?

The Rise of Content Writing & VA Compensation

The digital landscape has dramatically reshaped the job market, particularly in the realms of content writing and virtual assistance (VA). We’re witnessing a engaging phenomenon: a competitive “annual salary war,” mirroring the aggressive recruitment tactics seen in traditional finance – specifically, the “Buddhist banknotes” (high salary offers) originating from overseas companies and the attempts by domestic banks to retain talent with their own “annual salary king” packages. This isn’t just about money; it’s about attracting skilled professionals in a fiercely competitive global market.

Understanding the “Buddhist Banknote” Phenomenon

The term “Buddhist banknote” originated within Chinese tech communities, referring to exceptionally high salaries offered by foreign companies, often perceived as generous to the point of being almost charitable. This trend has heavily impacted the freelance content writer and remote virtual assistant markets.

Key Drivers:

Demand for English-Language Content: Global companies require a constant stream of high-quality content in English, driving up demand for native or near-native English writers.

Cost Arbitrage: Companies based in countries with higher labor costs can significantly reduce expenses by outsourcing to freelancers and VAs in regions with lower living costs.

Specialized skills: Demand for writers with expertise in niche areas like SEO content writing, technical writing, and copywriting is particularly high.

Remote work adoption: The widespread acceptance of remote work has opened up opportunities for talent to work for companies worldwide.

Domestic Banks’ Response: The ‘Annual Salary King’ Strategy

Domestic banks, facing talent drain to tech companies and the allure of “Buddhist banknotes,” have responded by attempting to match or exceed these offers. This manifests as “annual salary king” positions – roles offering significantly higher compensation packages than traditional banking roles. Though, the comparison isn’t always apples-to-apples.

Focus Areas: Banks are primarily targeting professionals with skills in:

Digital Marketing: Content creation for online banking platforms, social media management, and SEO.

Data Analysis: Utilizing data to improve customer experience and marketing campaigns.

Cybersecurity: Protecting sensitive financial data.

Challenges: Banks often struggle to compete with the perceived flexibility and innovation offered by tech companies. The bureaucratic nature of traditional banking can be a deterrent for some.

Content Writing Salaries: A Comparative Analysis (2025)

Here’s a breakdown of typical salary ranges, as of late 2025:

| Role | Location | Average Annual Salary | Range |

| ———————— | —————– | ——————— | —————— |

| Entry-Level Content Writer | US | $50,000 – $65,000 | $45,000 – $75,000 |

| Mid-Level Content Writer | US | $70,000 – $90,000 | $60,000 – $110,000 |

| Senior content Writer | US | $100,000+ | $90,000 – $150,000+ |

| Freelance Content Writer | Global | $30 – $150+/hour | Varies Widely |

| “Buddhist banknote” Offer| Remote (via Intl Co)| $80,000 – $200,000+ | $60,000 – $300,000+ |

*Note: Freelance rates vary significantly based