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South Korea Payroll Guide

Hire employees in South Korea

Currency

South Korean Won (KRW)

Population

51,744,876

Capital

Seoul

Official language(s)

Korean

Date format

yyyy/mm/dd

Fiscal year

1 January - 31 December

Why use PeoplePay?

Guaranteed Compliance

Robust, compliant payroll and hiring supported by a dedicated Account Manager.

Local Expertise

Avoid international payroll and hiring pitfalls including language barriers, regulations and employment laws.

Lower Costs

Reduced administration, no need for an in-country team, and consolidated, outsourced payroll.

South Korea Payroll

Get peace of mind with a streamlined, fully-managed payroll solution for 1+ employees.

South Korea HR

Helping you hire compliantly, steering you through the local HR laws and regulations.

South Korea Payments

Consolidated, one-wire transfers to cover your entire global workforce – at competitive rates.

South Korea Payroll & HR Solutions

PeoplePay Global are here to assist with all your Payroll and HR requirements in South Korea

In-Country Employment Contracts

Creation of locally-compliant South Korean employment agreements, ensuring you and your employees are protected in-country. Our experts in South Korea will create your bespoke agreement.

Payroll Processing

With global knowledge and local proficiency, we provide a fully-managed payroll solution that handles all the complex tasks, leaving you to focus on your business.

Tax and Labor Law

South Korea’s complex legislation can be daunting. Our in-country specialists are an extended member of your team, steering you safely through tax and labor law.

Regulatory Compliance

Our in-country professionals provide a wealth of experience and expertise in Payroll & HR compliance, ensuring your venture complies with ever-changing legislation.

Start-Up Implementation

We’ll ensure you’re operational promptly in accordance with local law, advising on the best route for your business, whether it’s via a legal entity or foreign registration.

Declarations and Audits

Our local specialists will manage and submit annual declarations on your behalf, guaranteeing accurate and prompt reporting to the authorities and also providing support for audits.

To discuss your individual needs get in touch today