Employee Benefits Report

Product Employee Benefits Reports Rev Latvia

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in South Korea

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for South Korea Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for South Korea provides expert analysis of the South Korean benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in South Korea or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in South Korea, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in South Korea, the report outlines the employment benefits requirements for your employees in South Korea. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of South Korea, the local political situation, and climate, operational, and security risks.

South Korea Report Extract

Below is a very brief extract of information from the South Korea Employee Benefits Report; more updated information may be available in the latest published report.


Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through the National Pension Scheme, administered by the National Pension Service. Retirement benefits are also provided by employers through a …

Typical Employer Practice

Axco provides information on the percentage of employers with over 300 employees and 500 employees that provide supplementary retirement benefits.

The report contains more information on retirement benefits in South Korea including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more

Termination Indemnities

Benefit provider

State & Compulsory Benefits

Medical benefits are provided through: National Health Insurance - administered by the National Health Insurance Service (NHIS), and Long-Term Care Insurance - administered by the NHIS.  Under retirement benefit schemes, …

Typical Employer Practice

Most multinational and local leading employers provide supplementary medical benefits provided through …

More information on Eligibility; When Benefit is Paid; Continuation After Retirement; Employer/Employee Contribution and associated Taxation is provided in the report

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