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Expand your global workforce in KrSouth Korea

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Population

51,966,948

Languages

1.

Korean

Country Capital

Seoul

Currency

Korean Republic won (₩) (KRW)

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Employer of Record in South Korea.

G-P provides employer of record services for customers that want to hire employees and run payroll without first establishing a branch office or subsidiary in South Korea. Your candidate is hired via G-P’ South Korea Professional Employer Organization (PEO) in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.

11Holidays per year
40hours per weekWorking hours per day or month
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Payroll in South Korea.

South Korea is an economic powerhouse home to thriving companies such as Samsung and Hyundai. With a large, highly educated population, it is a great place to expand to if you want to tap into this workforce and participate in international trade. However, the country has some unique guidelines for setting up South Korea payroll that can make expansion difficult. G-P can remove this difficulty and help you start your business without needing to set up a subsidiary.

Hiring in KrSouth Korea.

Many of South Korea’s employment compliance laws are defined in the Fair Labor Standards Act. The country’s regulatory framework can often seem confusing, which makes South Korea hiring outsourcing services an ideal option.

Compensation & Benefits in South Korea.

When deciding on the best South Korea compensation and benefits plan, you’ll have to consider the statutory minimums as well as what your employees may expect. The right South Korea benefit management plan should attract top talent to your open positions and keep you compliant with all of the country’s regulations. G-P can help. Our South Korea compensation and benefits outsourcing services will make sure your employees are paid at the right times and get the benefits they deserve.

KRW1,914,440 per monthMinimum wage per month
15daysAnnual vacation leave (min)
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South Korea Subsidiary.

Before you can hire employees, you must set up a South Korea subsidiary. The country offers several incentives for foreign investors to open a subsidiary in the country. However, you’ll still need to understand all the various regulations and laws to make sure you stay compliant.

Work visas & permits in South KoreaTypes of work visasRequirements to obtain a visaApplication processImportant considerations

South Korea Visas & Permits.

All companies looking to employ workers in South Korea will need to sponsor their work permits to stay compliant. However, South Korea has many temporary visa types, as well as at least eight different work permit categories that depend on the type of skilled worker. This complexity can make it more difficult for companies to know what visas their workers need and how to get them.

Disclaimer

THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.

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