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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