Korea (Democratic People's Republic of)

Employer of Record (EOR) in Korea (Democratic People's Republic of)

Only 399 EUR per employee per month

Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Korea (Democratic People's Republic of) . We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business. Our Employer of Record (EOR) solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will find employment information for Korea (Democratic People's Republic of).

Employer of Record people
A coin
Currency
North Korean Won
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Capital
Pyongyang
A paper airplane
Region
Asia
Megaphone
Language
Korean
Hire remote employees
Population
25778816
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GDP
Line graph
GDP growth
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Ease of doing business
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World GDP share

1. Grow your team in Korea (Democratic People's Republic of) with Rivermate as your Employer of Record (EOR) / PEO

Payroll, benefits, taxes, and compliance can be difficult to manage in Korea (Democratic People's Republic of) , particularly if you don't have established local relationships. You can hire employees in Korea (Democratic People's Republic of) effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Summary

North Korea, formally known as the Democratic People's Republic of Korea (DPRK), is an East Asian nation. It forms the northern half of the Korean Peninsula, sharing boundaries with China and Russia to the north at the Yalu (Amnok) and Tumen rivers, and with South Korea to the south at the Korean Demilitarized Zone. The Yellow Sea forms the country's western boundary, while the Sea of Japan defines its eastern border. North Korea, like its southern neighbor, claims to be the legitimate government of the whole peninsula and surrounding islands. The capital and biggest city is Pyongyang.

The Japanese Empire seized Korea in 1910. After the Japanese surrendered at the conclusion of World War II, Korea was split into two zones along the 38th parallel, with the Soviet Union occupying the north and the United States occupying the south. After reunification talks failed, two governments were founded in 1948: the communist and Soviet-aligned DPRK in the north and the capitalist, the Western-aligned Republic of Korea in the south. The Korean War started in 1950 with a North Korean invasion and continued until 1953. The Korean Armistice Agreement created a cease-fire and a demilitarized zone (DMZ), but no official peace treaty was ever signed.

North Korea is an "independent socialist state," according to Article 1 of the state constitution. It organizes elections, albeit they have been criticized as sham elections by impartial observers since North Korea is a totalitarian government with a thorough personality cult centered on the Kim dynasty. The Workers' Party of Korea, headed by a member of the ruling family, is the dominant party and the only legitimate political organization, leading the Democratic Front for the Reunification of Korea.

Juche is North Korea's official philosophy, according to Article 3 of the constitution. The state owns the means of production via state-run firms and collectivized farms. Most services, including as healthcare, education, housing, and food production, are subsidized or sponsored by the government. North Korea had a famine from 1994 to 1998, killing between 240,000 and 420,000 people, and the population continues to suffer from starvation.

North Korea's Korean People's Army operates under the Songun, or "military first" strategy. It has nuclear weapons and the second biggest number of military and paramilitary forces, with 7.769 million active, reserve, and paramilitary people, or nearly 30 percent of its population. Its active duty army of 1.28 million troops is the world's fourth-largest, accounting for 5% of its population. A United Nations investigation into human rights breaches in North Korea determined in 2014 that "the magnitude, size, and character of these atrocities show a regime that has no parallel in the modern world," with Amnesty International and Human Rights Watch expressing similar views. North Korea's leadership disputes these allegations. North Korea has been a member of the United Nations since 1991, and it is also a member of the Non-Aligned Movement, the Group of 77, and the ASEAN Regional Forum.

Hiring talented employees in a short span is not an easy task. Partnering with an Employer of Record (EOR) like Rivermate in Korea (Democratic People's Republic of) is your best option, giving your organization enough time to focus on other aspects of international expansions like project management and inventory management. The EOR takes care of all the compliance and legal issues while helping you speed up hiring using their knowledge of domestic employment practices and virtual onboarding tools. Top EORs also have provisions for the e-signing of documents to enable faster onboarding.

3. Public holidays

4. Types of leave

There is no information about the types of leave for this country.

Paid time off

Public holidays

Sick days

Maternity leave

Paternity leave

Parental leave

Other leave

5. Employment termination

There is no information about employment information for this country.

Termination process

Notice period

Probation period

Severance pay

6. Working hours

There is no information about the working hours for this country.

General working schedule

Overtime

7. Minimum wage

There is no information about the minimum wage for this country.

8. Employee benefits

There is no information about the employee benefits for this country.

9. Taxes

There is no information about the taxes for this country.

Corporate tax

Individual income tax

VAT, GST and sales tax

10. VISA and work permits

There is no information about VISA and work permits for this country.

11. Employer Of Record service terms

There is no information about the Employer of Record (EoR) service terms for this country.

Employment contracts

With Rivermate being your Employer of Record (EoR) in Korea (Democratic People's Republic of), you do not have to worry about the employment contracts, as we take care of that.

Minimum assignment length

Payment currency

13.Opening a subsidiary in Korea (Democratic People's Republic of)

There is no information about the working hours for this country.

How to set up a subsidiary

Subsidiary laws

13. Why choose Rivermate as your Employer of Record / PEO in Korea (Democratic People's Republic of)

Establishing an entity in Korea (Democratic People's Republic of) to hire a team takes time, money, and effort. The labor law in Korea (Democratic People's Republic of) has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Korea (Democratic People's Republic of) simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Korea (Democratic People's Republic of) give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Korea (Democratic People's Republic of) via our Employer of Record (EOR) / PEO solution.

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