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A considered approach
Looking to list in Korea? Companies would be wise to take note of the issues associated with the increasingly popular Korean dual-tranche IPO, say partners Woong-Soon Song, Jong-Ho Song, Sang-Hyun Lee and Tae Yong Seo of Shin & Kim.
Ordinary wages in Korea
Calculation of ordinary wages in Korea can have a profound impact on an employer’s labour costs, as ordinary wages are used to calculate other benefits and compensation, including overtime, compensation for unused annual paid leave and severance pay.
Status of Executives under the Labour Standards Act
Many multinational companies doing business in Korea perceive the country’s labour law as strict and heavily favouring workers. The Labour Standards Act of Korea (LSA) nullifies “at-will” employment ...
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