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
South Korea Minimum Wage for 2022
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.
2020 Tax Guide For Foreigner Employees in Korea
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).
Korea Health Insurance Increases – Jan 2021
Starting from January 2021, the health insurance contributions rate will be Increased by 2.89%. Under this change, the health insurance rate for a corporate employees will be increased from the current rate 6.67% to 6.86%.
KOISRA UP Has Been Featured as One of the Best PEO Service Providers
KOISRA UP recently has been featured as one of the best PEO service providers for 2021 by DesignRush.
Korea Public Holidays 2021
In South Korea 2021, there are 12 public holidays where employees are entitled for a full paid day off. These holidays include religious holidays and other Korean national holidays. In total, there are about 14 holidays in South Korea. In 2021, there are 16 paid days off as public holidays for Korean and expat employees.
What we offer
About us
Contact Info
10th floor, Signature Towers, 100 Cheonggyecheon-ro, Jung-gu, Seoul 04542 South Korea
Tel. +82-70-5038-4101
Email. [email protected]
Daily: 10:00 am - 6:00 pm
Saturday & Sunday : Closed
No visitors are allowed without Reservation.
Copyright 2018 KOISRA Corporation © All Rights Reserved | HR License certificate: 직업정보제공사업 신고번호: 서울청 제2018-23호