Signing of an employment contract

Employment contract
The term "labor contract" means a contract which is entered into in order that a worker offers work for which the employer pays the corresponding wages (Subparagraph 4 of Article 2(1) of the Labor Standards Act).

Creation and delivery of an employment contract
An employer shall state the following matters clearly (Article 17(1) of the Labor Standards Act and Article 8 of the Enforcement Decree of the Labor Standards Act).
1. Wages
2. Contractual working hours
3. Holidays
4. Annual paid leave
5. Terms and conditions relating to the place of employment and the job assigned
6. Matters set forth in the rules of employment written pursuant to Article 93 of the Labor Standards Act (only applicable to employers who ordinarily employ ten or more workers)
7. Terms and conditions as prescribed in dormitory rules (only applicable to cases where workers are accommodated in a dormitory attached to the workplace)
※ The term "contractual working hours" means working hours on which workers and their employer have come to an agreement within the scope of working hours (Subparagraph 8 of Article 2(1) of the Labor Standards Act).
An employer shall issue to workers the written statement(Including electronic documents pursuant to subparagraph 1 of Article 2 of the 「Basic Act on Electronic Documents and Electronic Transactions」) specifying constituent items, calculation methods and payment methods of wages, and matters prescribed in subparagraphs 2 through 4 (Article 17(2) of the Labor Standards Act).
Subscription to four major public insurances

Duty to subscribe to four major public insurances
“Four major public insurances” include national pension, national health insurance, industrial accident compensation insurance, and employment insurance, and business establishments that employ workers shall subscribe to four 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).

Reporting on the subscription to the four major public insurances
National pension
An employer shall submit the following documents to the National Pension Service by the 15th day of the month subsequent to the month in which the employer falls under an automatically covered workplace (Article 21(1) of the National Pension Act and Article 3 and annexed Form 3 of the Enforcement Regulations of the National Pension Act).
√ A declaration of workplace as falling under the category of automatically covered workplace
√ 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)
※ Further details on subscription to the national pension are available on the
www.nps.or.kr)>.
National health insurance
Where a workplace becomes an automatically covered workplace that uses employee(s), the workplace shall submit the following documents to the National Pension Service within 14 days thereafter (Subparagraph 1 of Article 7 of the National Health Insurance Act, Article 3(1), Article 4(2), annexed Form 2, and annexed Form 6 of the Enforcement Regulations of the National Health Insurance Act).
√ A declaration of workplace as falling under the category of automatically covered workplace (organization)
√ A copy of the bankbook (applicable only if you are applying for an automatic transfer)
√ Workplace subscribers qualification report
√ A copy of certificate of business registration (required only if the applicant did not agree to the part where National Pension Service verifies the business license and corporation registration certificate through joint use of administrative information pursuant to the Electronic Government Act)
※ Further details on the subscription to the National Health Insurance Service are available on the
www.nhis.or.kr)>.
Employment insurance and industrial accident compensation insurance
A business owner shall report the formation of insurance relationship to Korea Workers' Compensation and Welfare Service (COMPEL) 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 text of Article 11(1) of the Act on the Collection of Insurance Premiums, Etc. for Employment Insurance and Industrial Accident Compensation Insurance and Article 7(1), Article 16(7), annexed Form 2, and annexed 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).
√ A declaration on the formation of insurance relationship
√ Areport on the insured worker’s entitlement to subscribe toemployment insurance and a report on the insuredworker’s entitlement for the industrial accident compensation insurance
In cases where a business owner reporting the formation of an insurance relationship falls under any of the following, the report on the formation of the insurance relationship is deemed to have been submitted when the relevant document is submitted or reported (Article 7 (5) of the Enforcement Rule of the Act on the Collection of Insurance Premiums, Etc. for Employment Insurance and Industrial Accident Compensation Insurance)
√ A statement of payment indicating "remunerations of workers" or "income of special-type workers from tax-withheld business" has been submitted to the head of the tax office having jurisdiction over withholding taxes, the head of a National Tax Service Regional Office, or the Commissioner of the National Tax Office.
√ A report on withholding of income tax regarding business income has been submitted to the head of the tax office having jurisdiction over withholding taxes.
※ You may submit your documents by paying direct visits to individual institutions, or via air mail or fax. You may also report online through the information center for four major social insurances (
www.4insure.or.kr).
※ If you report the four major social insurances (health insurance, national pension, industrial accident compensation insurance and employment insurance) through a joint form, they will be handled altogether as a single report without the need to report to each of the four social insurance institutions.