Korean Tax Blog

Do Foreign Workers Get Severance Pay in Korea? “I am a foreign worker in Korea. Can I receive severance pay when I leave my job?” Yes. Foreign workers may also be entitled to severance pay in Korea if they meet the legal requirements. Being a foreign national does not by itself exclude you from Korea’s severance pay protections. Who Can Receive Severance Pay? In general, severance pay may apply when an employee: Has worked continuously for at least one year Has an average sch

Annual Paid Leave in Korea: What Foreign Workers Should Know “I work in Korea. How many paid vacation days am I entitled to?” If you are a foreign employee working in Korea, you may be entitled to annual paid leave under Korean labor law. Knowing how annual leave works can help you understand your rights as an employee. How Many Annual Leave Days Can You Get? Generally, an employee who has worked for one year and has an attendance rate of at least 80% is entitled to 15 days o

Step-by-Step Guide 1. Eligibility Employees are eligible for severance pay if they have worked continuously for at least 1 year under...

Severance pay in Korea isn’t just a farewell gift for employees—it’s a legal right and a financial safety net deeply rooted in the...

The question of how to handle severance pay is a crucial one for both employees and employers. Let's explore this topic from both...

On December 19, 2024, the South Korean Supreme Court made a landmark ruling that conditional bonuses, such as regular bonuses tied to...

In a significant ruling, the Supreme Court (case numbers 2018다21821 and 2018다25502) clarified the legal position on waiving the right to...