Understanding Retirement Allowance(법정퇴직금) in Korea: A Comprehensive Guide
Introduction to Retirement Allowance in Korea What is Retirement Allowance? Hey there! Are you curious about retirement allowance in...
Navigating Severance Pay in Korea: A 2023 Guide for Employers
Understanding Severance Pay Under Korea's Labor Law: A Guide for Employers As of January 1, 2013, South Korea's Labor Law mandates that...
Understanding the Validity of Waiving Severance Pay: Insights from Supreme Court Case 2018다21821
In a significant ruling, the Supreme Court (case numbers 2018다21821 and 2018다25502) clarified the legal position on waiving the right to...
Retirement Fund(퇴직연금)
According to the Korean standard labor law, an employer need to pay the retirement allowance to an employee(free lancer, independent...
Severance Allowance
According to the Korean standard labor law, all of employer should pay the Retirement allowance(=severance payment, retirement fund) to...
Housing Allowance
Is Housing allowance taxable income? Even if an employer didn't pay it added on a monthly salary? If your employer pay it added on your...
Retirement Allowance for E-2 Visa Holder
Recently a court recognized English teacher(E-2 Visa Holder) at a private Hagwon as employees entitled to retirement allowance, rejecting...
Payroll Service in Korea
Jz provide the payroll service for employees who hired in Korea for your operation. Your company is not necessarily established already...
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...
