Category: termination
10-point Summary of the Korean Labor Law for Foreign CEOs and HR Managers
I selected 10 important points of Korean labor law based on the most frequently asked questions. The summary will help you get the basic information for HR management in compliance with local labor laws.
An LSA amendment changed a list of employees exempt from advance notice of dismissal
Dismissal of an employee, to be legitimate, should be based on justifiable reasons and also in line with due procedures stated in the labor law….
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 followings are main points of…
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…
Basic legal requirements for dismissal in Korea
Dismissal is one of the inevitable elements of human resource management. An employer can lessen a possible adverse impact of dismissal by complying with legal…