Global Employment Solutions & PEO in South Korea
Omnipresent makes it fast and easy to employ remote talent in South Korea. We take care of payroll, compliance, taxes, and admin so you can focus on growing your business.
- Capital City
- South Korean won (₩, KRW)
Omnipresent Employment Rating
How do Omnipresent Global Employment Solutions Work?
Omnipresent provides global employment solutions and professional employment organisation (PEO) services for companies looking to grow and build out a global team in South Korea. Traditional methods of establishing global employment and subsidiaries in South Korea typically take months and can incur heavy costs. Omnipresent's global employment solutions and PEO services is helping hundreds of organisations onboard new employees in South Korea in a matter of days with full compliance of local labour laws. We use a tech-forward approach to streamline the process.
- Your company conducts the hiring and candidate selection process in South Korea.
- Omnipresent hires the selected candidate through our local professional employment organisation in South Korea.
- We take care of ensuring your new employee is hired in compliance with local labour laws, payroll regulations, benefits and more -- all without needing to set up a subsidiary in South Korea.
- The individual is legally contracted by Omnipresent but assigned to work for your company and reports to a manager or team in your organisation as your full-time employee.
Curious to learn more?
Employer Costs in South Korea
Employer costs include National Health Insurance, National Pension Insurance, and Employment Insurance. Use the OmniCalculator to estimate costs or contact us for further information.
Employee Income Taxes in South Korea
The rate of personal taxation varies depending on the income tax bracket the individual belongs to. This ranges between 6.6% - 46.2%.
Working Hours in South Korea
Statutory limit of 8 hours per day and 40 hours per week. Overtime is capped and compensated.
Holidays & Vacation in South Korea
Please note that the below information covers national holidays and should be used for informative purposes only and not as a guarantee for payroll purposes. While we strive to offer you accurate information, public holidays are subject to frequent changes and can be dependent on regional differences. Should you need more detailed information on public holidays, please consult the government pages of the state and/or the local municipality of your employee.
- Saturday, Jan 01, 2022 - New Year's Day (신정)
- Tuesday, Feb 01, 2022 - Korean New Year (설날)
- Tuesday, Mar 01, 2022 - Independence Movement Day (3·1절)
- Thursday, May 05, 2022 - Children's Day (어린이날)
- Sunday, May 08, 2022 - Buddha's Birthday (석가탄신일)
- Monday, Jun 06, 2022 - Memorial Day (현충일)
- Monday, Aug 15, 2022 - Liberation Day (광복절)
- Saturday, Sep 10, 2022 - Korean Thanksgiving (추석)
- Monday, Oct 03, 2022 - National Foundation Day (개천절)
- Sunday, Oct 09, 2022 - Hangul Day (한글날)
- Sunday, Dec 25, 2022 - Christmas Day (기독탄신일)
Sick Leave Entitlement in South Korea
No paid sick leave. If provided, specify in the contract or in the Rules of Employment (known in other jurisdictions as the employee handbook). The Rules of Employment contains policies relating to employment such as family leave, retirement, health and safety and holidays.
Parental Leave in South Korea
Maternity: Female employees must be granted 90 days paid maternity leave for single birth and 120 days in case of multiple births which can be used before and after birth. At least 45 days (60 days in case of multiple births) must be used after childbirth. Compensation for the first 60 days (75 days in case of multiple births) is paid by the employer, while the remaining days are paid from the Employment Insurance Fund.
Parental: If the employee (father or mother) has worked for the same employer continuously for a minimum of 6 months and has a child / children of up to 8 years old or in second grade or below in elementary school, they have an entitlement to unpaid childcare leave of up to 1 year. In addition, if a pregnant female employee requests leave of absence for childcare for protection of her maternity, the company should grant it.
Annual Leave Entitlement in South Korea
1st year: employees are entitled to 11 days per year. 2nd and 3rd years: employees are entitled to 15 days per year. 3rd year and onward: one day’s paid leave is added for every two years of employment, up to a total of 25 days. Additional leave may be applicable.
Severance Pay Entitlement in South Korea
Payable regardless of the reason for termination with one months’ salary (including any bonus paid within the previous 3 months) per continuous year of service.
The employee must have been employed for at least 1 year with the employer.
Termination in South Korea
Termination can be by written notice but requires “justifiable reason to terminate.” According to the Korean Supreme Court, the reason must be “directly attributable to the employee.” In general, stealing, missing an excessive number of days of work, and violating laws related to the job, have all been deemed enough to terminate, but it is more difficult for an employer to establish “justifiable reason to terminate” based on poor performance since the court precedents set high standards. Prior to termination, it is advisable to contact an attorney to allow the company not to terminate an employee in violation of law.
Estimate employment costs with OmniCalculator
Global Employment Cost Calculator
Get an estimate of the employment costs for hiring in South Korea.
GBP 60,000 annual salary
* These employer costs are subject to frequent updates, and can depend on a variety of employee variables. They are only a ballpark estimate, and the actual figure may be above or below the quoted amount based on a number of variables. These estimates represent a monthly average each year. In some cases, contribution maximums will lead to payments earlier in the year being larger, before being reduced once max is hit. If a 13th and 14th month are applicable, these have been pro-rated into the gross salaries.
Employ the Best Talent, Anywhere in the World
Grow Your Global Team
The benefits of growing a global team and finding the best talent anywhere in the world are endless. It's important to note that labour laws and regulations in South Korea are strict with penalties for non-compliance. Let our team take care of the details such as payroll, benefits, compliance, taxes, and admin so you can focus on growing your business. We're here to help you every step of the way.