Starting October 2019, the rate of unemployment insurance will be updated from 0.65% to 0.8%. This rare will be applied to both Employee and Employer
Starting October 2019, the rate of unemployment insurance will be updated from 0.65% to 0.8%. This rare will be applied to both Employee and Employer

Our CEO, Adv, Eyal Victor Mamou, recently interviewed by GlobalizationPedia portal about setting up new business activities in South Korea.
Starting from July 16, 2019, any foreigner who stay legally in Korea over 6 months is required to subscribe to the National Health Insurance Services.
Starting from July 1st, 2019, the salary limit amount for Korean National Pension calculation (9%) will be updated.
Starting from May 29th, 2018, new employee shall be entitled to 11 paid days off during the first year of employment and additional 15 paid days off on the 2nd year of employment.

According to the recent update by the South Korean National Tax Service (NTS), any foreign who work or worked in Korea shall fill up their year-end 2018 tax settlement by the end February 2019, that regardless of their nationality or the length of stay.

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