South Korea has announced a temporary exemption for nationals of 22 countries/regions from the Korea Electronic Travel Authorization (K-ETA) application

South Korea has announced a temporary exemption for nationals of 22 countries/regions from the Korea Electronic Travel Authorization (K-ETA) application
The Korean National Health Insurance will be increased by 1.49% starting January 2023, due to rising healthcare costs and benefit expansion.
Starting from January 2022, the health insurance contributions rate in South Korea will be increased by 1.89%.
An update to the Labor Standards Act that entered into force on 19.11.2021, added new Requirements for the preparation of Payslip for employees South Korea
Starting from January 2022, the minimum wage in South Korea will be increased by 5.1% from 8,720 KRW per hour to 9,160 KRW per hour.
The National Tax Service (NTS) of Korea has published the annual 2020 “Easy Guide for Foreigners’ Year-end Tax Settlement” providing information on changes to the tax laws to enhance the convenience of foreign employees and their withholding agent (local Korean employers).
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