South Korea: Employee Benefits & Compensation

The South Korean Supreme Court has issued two contrasting rulings on whether employee performance bonuses constitute "wages" under the Labour Standards Act, establishing a three-part test that examines the link between payment and labour provision, the employer's obligation to pay, and the regularity of payments. These decisions demonstrate that classification depends on the specific design and operation of each bonus scheme, with significant implications for calculating severance pay, overtime, and other s

최근 시대적 변화에 따라 각국 정부, 글로벌 투자사와 기업들은 인간의 기본적인 복지와 존엄성을 중심에 둔 제도와 모든 이해관계자의 이익에 부합하

The government announced guidelines in 2016 pushing for broader implementation of performance-based pay in the public sphere.