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Pay in Korea
Pay in Korea
  • Author Joon-Sung Park and Eui Kyoung Park
  • Language English
  • Publication Date November 14, 2011
  • Length 36 Pages
  • Publisher Korea Labor Institute
  • Download 02-Pay_in_Korea.pdf 02-Pay_in_Korea.pdf
  • SUMMARY

    1. Introduction 1
    2. Legal Regulations on Pay in Korea 2
    A. Legal Scope of Pay 3
    B. Ordinary Pay 4
    C. Average Pay 6
    D. Pay upon Retirement 7
    E. Minimum Wage per Hour 10
    F. Prohibition Against Pay Discrimination With Regard to Non-regular Employees 11

    3. Pay Levels in Korea 13
    A. Pay Level by Characteristic 13
    B. Pay Information System 20

    4. Pay System in Korea 22
    A. Pay Mix 22
    B. Base Pay 23
    C. Bonuses 25
    D. Allowances 29
    E. Annual-Pay Systems 32

    5. Pay Bargaining in Korea 34

    6. Conclusion 36