Remuneration

Information on basic pay, minimum wages, bonuses, employee benefits and rules concerning the payment of wages.

South Korea :: Peak wage system

The system was first adopted to reduce labour costs whilst allowing retiring employees to work for a few more years …

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South Korea :: Basic pay and minimum wage

The Minimum Wage Act applies to all employees, except for certain categories of workers …

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South Korea :: Bonuses and employee benefits

There are no guidelines governing or restricting the award of bonuses in South Korea …

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South Korea :: Payment of wages

Employers must pay wages directly to their employees in cash, unless otherwise provided by law, decree or collective agreement …

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South Korea :: Equal pay

Under the Equal Employment Opportunity and Work-Family Balance Assistance Act (Equal Employment Act) it is unlawful to discriminate against employees on the grounds of sex …

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