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Retirement Pension to be mandatory for all companies in Korea in 2022

On 27 August 2014, the Korean government announced a plan to make retirement pension system mandatory for all companies. The …

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Posted in benefits labor laws and systems termination

Mandatory Retirement Benefits for employees under Korean labor law

This post is a brief explanation of mandatory severance benefits that are required by Korean labor law.

Employee Retirement Benefit

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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

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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 …

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