top of page
Search

Required Four Major Social Insurance Schemes

The hiring an employee requires a company to follow the labor laws in Korea. One of the requirement that most foreign invested companys does not expect to have is the four major social insurance schemes. Check out the following info about four major social insurance from 'investkorea.org'.




The four major insurances are employment insurance, industrial accident compensation insurance, national pension, and national health insurance.



※ The long-term health care insurance premium is 10.25 percent of the health insurance premium, which is collected with national health insurance. In the case of the vocational training program for employment stabilization, an employer pays 0.25 to 0.85 percent of the total pay, depending on the number of employees.


Comments


Bluestones BPO is one of the leading local providers of financial and tax solutions in Korea. Bluestones BPO is constantly refining and expanding its financial, accounting and tax services in order to better assist foreign investment enterprises to succeed in their Korea business ventures.​

© 2020 by BLUESTONE All rights reserved

Contact Us

Email: info@bluestonesbpo.com

Tel: +82 2 515 4534-5 | Fax: +82 2 515 4536

  • Facebook
bottom of page