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SALARY PAYMENT IN South Korean Won (KRW, ₩)
CONTRACT LANGUAGES Korean / English
PAYROLL TAX 16.43% – 34.94%
PAYROLL CYCLE Monthly
TIME TO HIRE 24 hours
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South Korea
Mandatory paid holidays in South Korea include: weekly holidays (typically Sundays) & Labour Day (May 1st).
The Labor Standards Act (1997) provides for employees’ minimum annual leave. Employees who complete a full year of employment are entitled to 15 days of annual paid leave.
Those employees who have not yet completed a full year of employment, or have an attendance rate that is less than 80% over the course of the year, are entitled to 1 day of annual paid leave for each full month of employment that meets attendance requirements.
The LSA also grants 1 additional day of paid leave to employees with over three years of service for every two years of service following the first full year (up to a maximum of 25 days). South Korean law limits statutory vacation days to 25 days per year.
In South Korea, parental leave is available to employees that have been employed with the same company for more than 1 year.
Employees in South Korea are entitled to 90 days of paid maternity leave (or 120 days in case of twins). It’s compulsory for mothers to take 45 consecutive days of leave after childbirth. Of the 90 days maternity leave, at least 60 days (or 75 days in case of twins) is paid by the company; with the remainder paid by the government.
The specific funding mechanism for periods of maternity leave depends on the size of the business, either the employer or Employment Insurance pays for maternity leave. Employment Insurance grants those on maternity leave to 40% of their usual monthly pay.
Employees on maternity leave are considered ‘protected employees’. Employers cannot terminate the contract of an employee on maternity leave, or within the 30 days following, the specified maternity leave.
The paternity leave entitlement in South Korea is 10 days of paid leave. Of these 10 days, 5 days are paid by the company with the other 5 being covered by Employment Insurance.
Employers in South Korea are not required to provide paid leave for non-work-related illness. Employees generally use their annual paid leave as personal sick days.
Bereavement or compassionate leave is not covered in South Korean law however many companies offer congratulatory and condolence leave for weddings and funerals. Although these types of arrangements vary from company to company, these forms of leave are granted in addition to annual paid leave.
Your business can easily hire employees in South Korea without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
15 days for employees who have completed 1 year of employment.
Mandatory paid holidays in South Korea include: Weekly holidays (typically Sunday) & Labour Day (May 1st).
Employers in South Korea are not required to provide paid leave for non-work-related illness. There is no set amount of sick leave and employees generally use their annual paid leave as sick days.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
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+49 30 3119 9653
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Austin, Texas 78704
+1 (737) 265-6065
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Headquarters – Singapore
71 Robinson Road #13-153
Singapore 068895
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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