Posted in benefits labor laws and systems

Mandatory social insurances for foreign companies in Korea (update for 2013)

This is an update for the post written in 2008. I corrected some mistakes and updated insurance premium rates.  Many foreign employers who newly start…

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Posted in labor news

54% of companies do not disclose the amount of annual salary for job posting

According to a survey conducted by a job portal site(www.career.co.kr), more than half of companies in Korea do not disclose salary information when they post a job vacancy.  The…

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Posted in benefits labor laws and systems

Korean social insurance system for expatriate employees

I already covered social insurance systems for Korean employees in my previous post. But what about social insurance for staff sent from headquarters to Korea? It…

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Posted in labor laws and systems work hours

40 and 44 hours workweeks – application schedule and differences

Since revision of the Labor Standards Act (LSA), 40 hours workweek system has been adopted by most companies in Korea. The only segment left uncovered…

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Posted in employment contract labor laws and systems

Probationary period

The probationary period, here, means a period that a company, after concluding a labor contract with a worker, sets a certain period of time to…

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Posted in labor market

Korea’s record in terms of enforcing contracts and employing workers

A colleague of mine asked me a few days ago to find a document showing Korea’s level of transparency in terms of legal procedures of…

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