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...
5 Liabilities in Korea for a Corporation
Any countries has these kind of compulsory liabilities to the people and entities, but it’s a bit different rate and various kinds...
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...
