What are the standard working hours in the Republic of Korea?

In the Republic of Korea, standard working hours are 40 hours per week.

Is overtime governed by law in the Republic of Korea? If so, what are the specifics outlined by law?

In the Republic of Korea, overtime is governed by law. Overtime is limited to 12 hours per week, paid at 150% or more of the employee’s ordinary wage. A seven-day week is counted inclusive of holidays.

How is the time off in lieu payment calculated in the Republic of Korea?

In the Republic of Korea, when a supported employee works on a public holiday or weekend, the compensation method is a monetary payment. This payment is calculated according to the overtime pay formula outlined in the Korean Labor Law.

What are the eligibility rules for time off in lieu in the Republic of Korea?

In the Republic of Korea, supported employees are generally eligible for time off in lieu as compensation for working overtime on their designated rest days.

How many days before the actual start date should the employment agreement be signed for payroll purposes in the Republic of Korea?

For payroll purposes in the Republic of Korea, the signing of the employment agreement depends on the onboarding timeline rather than the actual start date. If the supported employee is onboarding near the payroll cut-off date, it is necessary to sign the employment agreement as soon as possible to meet the deadline for payroll processing. Under normal circumstances, it is preferred that the employment agreement be signed 1 to 2 weeks before the start date. However, the employment agreement must be signed and effective before the start date, or at the latest, on the start date.

Can employment agreements be backdated in the Republic of Korea?

No, employment agreements cannot be backdated in the Republic of Korea.