Unfair Dismissal
Any lay-off could be assumed as an unfair dismissal if it's done without a written notice(walking papers). And once it's judged by the...
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...
Year-end Settlement of Salaried Income
15mio. class A income tax payers are preparing their year-end tax settlement for 2012FY according to the NTS bulletin. We call it the...
Interim Tax Returns
Some of my clients recently enquired about the interim payment of corporate income tax, global income tax, and VAT. I’d like to explain...
Minimum Wage
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...
