Payroll means not only remitting salary from the company bank account to employees but also requiring various procedures such as withholding taxation, calculating retirement pension, joining and paying mandatory Korean social insurance, and Year-end tax settlement.

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Also, language and strict Korean labor law make payroll especially difficult for foreigners.

 

By utilizing our payroll / HR outsourcing services, you can be relieved of risks related to income taxes, social insurance, and Korean labor law. 

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Our payroll / HR outsourcing services also help companies maintain the confidentiality of information regarding the payroll / HR of individual employees.

Our Payroll/ HR services include the following,

ㆍPreparation of monthly payroll sheet including calculation of payroll income taxes and

   social insurance
ㆍReport payroll information to the tax office and social insurance company
ㆍSetup and maintain employee four social insurance
ㆍCalculation of severance payments and income taxes, including preparation of statements

   for submission to the tax office
ㆍYear-end Tax Settlement Service
ㆍDetermine taxability (for example: is an employee’s medical checkup considered taxable income?)

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