New face of Korean retirement benefit plans

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.

This month’s Asian-Counsel marks our South Korea focus issue, providing an overview of the latest developments on Korea’s corporate legal scene by the nation’s leading firms. Meanwhile, our feature story discusses how the current global economy will ...

Recently, the Supreme Court of Korea upheld a lower court judgment finding that under the Korea-US Income Tax Convention, where a foreign corporation has given a patent licence to a company in Korea ...