Korea
Imagine the Possibilities:
Advanced & Business - friendly.
South Korea has grown rapidly in recent years to become a country with a technologically-advanced and industrialised economic environment. As Korea’s economy continues to expand, it can be challenging to keep up with its changing regulations. Let i-Admin’s extensive experience in providing quality and compliant payroll services, allow you to deliver timely payments and run your business without worry.
South Korea
Statutory Filings
Medical Insurance contributions
Employment Insurance contribution
Workers’ Compensation Insurance contribution
National Pension contribution
Maternity leave Declaration
Childcare leave Declaration
Foreign employee social insurance setup
South Korea
Tax Filings
Income Tax
Residence Tax
Year-end settlement
Quarterly Tax Declaration for
daily-paid employees
Foreign employee tax processing
Annual Leave Entitlement in South Korea
12
Public Holidays
15-25
Leave Days
(Based on service length)
Replacement days off must be given if an employee is asked to work on public holidays. The South Korea Labor Standards Act states 15 leave days as the minimum for employees who have served for at least 80% of the year. Annual leave is not legally required for businesses that have less than 5 employees.
