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Find out how Remote can guide you through the complexities of managing cross-border hiring, payroll, taxes, and compliance.

 

Employing in South Korea

South Korea’s Labour Standards Act of 2005 spells out provisions for employee protections and workers’ rights for its workforce of 28.3 million. Employees in South Korea enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.

Common questions that could come up during the hiring process include minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in South Korea.

Minimum Wage

In South Korea, t he new minimum annual pay at an hourly rate of KRW 10,030 would be approximately KRW 20,462,400 annually.

Payroll Cycle

Wages are paid out on a monthly basis, either on the 25th or the last day of the month.

Onboarding Time

We can help you get a new employee started in South Korea fast. The minimum onboarding time we need is only 9 working days.

Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.

For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.

Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.

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18 Public holidays

Competitive benefits package in South Korea

health_insurance
Health Insurance
dental_insurance
Dental Insurance
vision_insurance
Vision Insurance
mental_health_support
Mental health support
pension_or_401(k)
Pension or 401(K)
life_and_disability_insurance
Life and Disability Insurance

Facts & Stats

South Korea is one of Asia’s most technologically advanced nations with the modern metropolis of Seoul anchoring a strong culture of innovation and excellence. Employers looking for talent in the manufacturing, professional services, and tech sectors will find a haven of qualified South Koreans.

Many of the country's workers have experience working with large multinational companies and after the pandemic, flexible working and work from home business models have been rapidly normalised. Traditionally, South Korean business culture rewarded long hours in the office. A combination of younger people entering the workforce and the success of the post-pandemic work from home transition has led to a greater focus on .

As the world’s tenth largest economy, South Korea enjoys the 7th highest human development index in Asia, an advanced democracy with extensive press freedoms, the world’s fastest internet speeds, delicious and unique cuisine, and of course, a vibrant entertainment industry that has given us the exceptional delights of K-Pop.

Capital City
Seoul
Currency
South Korean won
Languages
Korean
Population size
51,709,098
Ease of doing business
Very easy
Payroll frequency
Monthly
VAT - standard rate
10%

Grow your team in South Korea with Remote

Want to employ workers in South Korea? Companies hiring in South Korea are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.

Remote can employ team members in South Korea and keep you compliant. Remote can hire, onboard, and pay your South Korea team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in South Korea. Sign up now to get started or talk to an expert for more details.

Risks of misclassification

South Korea, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in South Korea may lead to fines and penalties for the offending company.

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Transparent Pricing in South Korea

Payroll

27

per employee/month
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  • Powerful, transparent international payroll
  • Simple self-service platform
  • Personalised support from dedicated specialists
  • Adhere to local payroll regulations in every country
  • Integrated payroll, expense management, and HRIS solution
Contractor Management

27

per contractor/month
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  • Only pay for contractors you actively work with
  • Work with international contractors
  • Create, edit, and sign tailored, localised contracts
  • Approve contractor invoices with one click or auto-pay
  • Transparent payments with complete visibility
Employer of Record

645 550

per contractor/month
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  • Hire without opening a local entity
  • Guided onboarding
  • Local payroll paid on time, every time
  • Built-in security and compliance
  • Flexible, localised benefits
  • Offer equity incentives with tax assistance
  • Dedicated experts for local support
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