Worker’s compensation rights and ‘Ordinary Wages’

Companies that seize the green opportunity in this emerging market will gain significant advantages in the long term …

Calculation of ordinary wages in Korea can have a profound impact on an employer’s labour costs, as ordinary wages are used to calculate other benefits and compensation, including overtime, compensation for unused annual paid leave and severance pay.

In a welcome development, the new law introduces long-term residency visas for four categories of persons.