Expanding into Korea? Decide between using an Employer of Record (EOR) or setting up a local entity. Which is more cost-effective?


Expanding into Korea? Decide between using an Employer of Record (EOR) or setting up a local entity. Which is more cost-effective?

KOISRA UP recently has been featured as one of the best PEO service providers for 2021 by DesignRush.

Hybrid Payroll is an employment model between a foreign employer and a local Korean employee and serves as a legal alternative to the PEO and/or Employer of Record employment models in South Korea.
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.

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