Any person who hires even a single worker is obliged to subscribe to the 4 major public insurances.
Obligation to subscribe to 4 major public insurances- “Four major public insurance” include national pension, national health insurance, industrial accident compensation insurance, and employment insurance, and business establishments that employee workers shall subscribe to 4 major public insurances (Article 8 of the National Pension Act, main text of Article 6(2) of the National Health Insurance Act, Article 8 of the Employment Insurance Act and Article 6 of the Industrial Accident Compensation Act).
- A worker whose contractual monthly working hours in the business are less than 60 hours or whose standard weekly working hours are less than 15 hours is not required to be subscribed to the 4 major public insurances. However, workers or daily workers who work continuously for more than 3 months in a business are subject to the Employment Insurance Act, and it is recommended to check with the authorities after hiring an employee (Article 10(1)2 of the Employment Insurance Act and Article 3(1) and 3(2) of the Enforcement Decree of the Employment Insurance Act).
National pension- An employee or employer above the ages of 18 and under 60 in any of the workplaces (hereinafter referred to as “mandatorily applicable workplace”) shall become workplace-based insured as a matter of course (Main body of Article 8(1) of the National Pension Act and Article 19(1) of the Enforcement Decree of the National Pension Act).
· A workplace employing at least 1 employee
· A workplace of a foreign institution located in the Republic of Korea, which employs at least 1 national of the Republic of Korea
- Operator’s reporting
· An employer shall submit the following documents to the National Pension Service until 15th day of the month he/she became a mandatory applicable workplace (Article21(1) of the National Pension Act and Article 3 of the Enforcement Regulations of the National Pension Act).
√ Report on falling under a mandatory applicable workplace (Attached Form of the Enforcement Regulations of the National Pension Act)
√ A copy of bankbook (applicable only if you are applying for an automatic transfer)
√ A copy of business license (the National Pension Service verifies the business license and corporation registration certificate through joint use of administrative information pursuant to the Electronic Government Act, and this is required only if the applicant does not agree to such verification)
National health insurance- All workers of workplaces excluding those who are hired for a period of less than a month shall become the employee insured (Subparagraph 1 of Article 6(2) of the National Health Insurance Act).
- Reporting of business establishment
· An employer whose workplace becomes a workplace of eligible persons shall submit the following documents within 14 days of such date to the National Heal Insurance Service (Subparagraph 1 of Article 7 of the National Health Insurance Act and Article 3(1) and Article 4(2) of the Enforcement Regulations of the National Health Insurance Act).
√ Report on falling under a workplace (organization) of eligible persons (Attached Form 2 of the 「Enforcement Regulations of the National Health Insurance Act」)
√ A copy of bankbook (applicable only if you are applying for an automatic transfer)
√ Report on the eligibility for workplace subscriber (Attached Form 6 of the 「Enforcement Regulations of the National Health Insurance Act」)
√ A copy of business license (required only if the applicant does not agree that the National Pension Service verifies the business license and corporation registration certificate through joint use of administrative information pursuant to the Electronic Government Act)
Employment insurance and industrial accident compensation insurance- Employment insurance
· An employer and worker (except for exempted worker under Articles 10 and 10-2 of the Employment Insurance Act) who are subject to the Employment Insurance Act」 shall be subscribed to the employment insurance as a matter of course (Article 5-(1) of the Act on the Collection of Insurance Premiums, Etc. For Employment Insurance and Industrial Accident Compensation Insurance).
- Industrial accident compensation insurance
· An operator of a business that is subject to the Industrial Accident Compensation Insurance Act shall be subscribed to the industrial accident compensation insurance as a matter of course (Article 5(3) of the Act on the Collection of Insurance Premiums, Etc. For Employment Insurance and Industrial Accident Compensation Insurance).
- Reporting of business operator
· A business owner shall report the formation of an insurance relationship to COMWEL with the following documents within 14 days from the date the insurance relationship is formed if he/she becomes an insurance policyholder automatically pursuant to the Employment Insurance Act or the Industrial Accident Compensation Insurance Act within 14 days from the date the insurance relationship is formed (Main body of Article 1(1) of the Act on the Collection of Insurance Premiums, Etc. For Employment Insurance and Industrial Accident Compensation Insurance).
√ A report on the formation of insurance relationship (Article 7(1) and Attached Form 2 of the Enforcement Regulations of the Act on the Collection of Insurance Premiums, Etc. For Employment Insurance and Industrial Accident Compensation Insurance)
√ A report on the entitlement to subscribe to the employment insurance and a report on employment subject to the industrial accident compensation insurance (Article 16-6 and Attached Form 22-5 of the Enforcement Regulations of the Act on the Collection of Insurance Premiums, Etc. For Employment Insurance and Industrial Accident Compensation Insurance)