Category: benefits
Retirement Pension to be mandatory for all companies in Korea in 2022
Author: admin Published Date: August 28, 2014
On 27 August 2014, the Korean government announced a plan to make retirement pension system mandatory for all companies. The followings are main points of…
Mandatory Retirement Benefits for employees under Korean labor law
Author: admin Published Date: April 14, 2014 1 Comment on 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 Security Act stipulates mandatory severance…
Mandatory social insurances for foreign companies in Korea (update for 2013)
Author: Sunny Lee Published Date: April 6, 2013 1 Comment on 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…
Korean social insurance system for expatriate employees
Author: Sunny Lee Published Date: January 30, 2009 3 Comments on 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…