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
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
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.
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