Korean Tax Blog

Can Foreigners Get Their Korean National Pension Back When Leaving Korea? “I paid into Korea’s National Pension while working here. Can I get that money back when I leave Korea?” For some foreign workers, the answer is yes. Foreigners who have contributed to Korea’s National Pension may be eligible to receive a Lump-sum Refund when leaving Korea, but eligibility is not the same for everyone. It can depend on factors such as nationality, international social security agreement

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

What Is Weekly Holiday Allowance in Korea? “I work in Korea. Am I entitled to paid weekly holiday allowance?” If you work in Korea, you may be entitled to weekly holiday allowance (주휴수당) in addition to your regular wages. Understanding this rule is especially important for foreign workers, part-time employees, and hourly workers. What Is Weekly Holiday Allowance? Under Korea’s Labor Standards Act, eligible employees are entitled to at least one paid weekly holiday per week wh

2027 Minimum Wage in Korea: Hourly and Monthly Rates “How much will the minimum wage be in Korea in 2027?” If you are a foreigner working in Korea, it is important to know the minimum wage that will apply from January 2027. The 2027 Korean minimum wage has been officially set at 10,700 KRW per hour. What Is the 2027 Minimum Wage? Starting January 1, 2027, Korea's minimum wage will be: Hourly: KRW 10,700 Daily: KRW 85,600 (8 hours) Monthly: KRW 2,236,300 The monthly amount is

If you're a foreign worker in Korea with children studying abroad, you might wonder whether you can claim education tax deductions for...