Severance Allowance
According to the Korean standard labor law, all of employer should pay the Retirement allowance(=severance payment, retirement fund) to...
Severance Payment Allowance
Up until the end of 2012, some employers with fewer than 5 employees were able to pay just 50% of the standard severance payment....
Non-taxable Income
When you hire a full-time staff member in Korea, be they a “contract” employee (계약직) or a “regular” employee (정규직), you have to provide...
