South Korea has approved a key legislative change, eliminating foreign investor registration to enhance accessibility in its financial markets

South Korea has approved a key legislative change, eliminating foreign investor registration to enhance accessibility in its financial markets
Starting from July 1st, 2023, the salary limits for Korean National Pension calculation (9%) will be updated. The upper limit for monthly salary will be 5,900,000 KRW
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
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