Korean Tax Blog

I think minimum wage hit our labour market very negatively last year and will more negatively effect this year especially in a small and...

According to the Korean standard labor law, an employer need to pay the retirement allowance to an employee(free lancer, independent...

According to the Korean standard labor law, all of employer should pay the Retirement allowance(=severance payment, retirement fund) to...

Up until the end of 2012, some employers with fewer than 5 employees were able to pay just 50% of the standard severance payment....

In January 2014, the minimum wage was raised from W4,869 to W5,210 per hour. In 2015, it became 5,580 and, as I write this in 2016, the...