Hire your remote team in South-Korea

Only 499 EUR per employee per month

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Hiring a remote team in a country as South-Korea comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in South-Korea. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in South-Korea with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in South-Korea, particularly if you don't have established local relationships. You can hire employees in South-Korea 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. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Korea (Republic of).

As an employer of record, we help you hire employees and run payroll services in Korea (Republic of), allowing you to avoid the necessity of first establishing a branch office or subsidiary in Korea (Republic of).

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Korea (Republic of) or individually hire remote employees in Korea (Republic of), Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Korea (Republic of) services can best help your company!

3. Hire a remote team in South-Korea

Hiring remote employees in North Korea is a decision that requires a lot of analysis and scrutiny. Recruiting the right employees is another important task. To prevent penalties and delays, employers must learn how to recruit personnel and understand the country's employment compliance rules.

4. Cost of living in South-Korea

In South Korea, the average after-tax salary is $2022, which is enough to cover living expenses for 1.9 months.

5. Cost of renting in South-Korea

If you are an employer and are looking to hire in Korea (Republic of), it may be important for you to first understand the expenses your remote employees in Korea (Republic of) are subjected to so you could make better decisions as an executive.

Accommodation cost or cost of rent in Korea (Republic of) varies a lot depending on its position in a city, type and size of the apartment, etc. Modern apartments in City centers are more expensive than apartments outside the City Center.

6. Major industries in South-Korea

COVID-19 made us realize how pointless to some extent future planning can be, we cannot underestimate the validity of the trends presented to us by technology, the generational shift in the workplace, and the evolving interests of the consumer. Because of the pandemic, more and more companies started hiring remote workers—as a means to minimize the vulnerability to another massive punch similar to COVID-19’s.

As the market evolves and certain technologies start becoming obsolete, new companies and organizations with innovative products and services tend to appear. When a small group of businesses in the same sector is centered around a specific new concept or technology in an early development stage they form what we know as an emerging industry.

These are the top industries in Korea (Republic of) we believe have the most growth potential:

1. Cloud Computing

2. Biotechnology

3. Data Analytics

4. Artificial Intelligence

5. Real Estate

6. Green Energy

7. Pharmaceuticals

8. Internet of Things

9. Information Security

10. Sustainability

7. Hiring cost in South-Korea

The hiring cost is an essential aspect to consider when you plan to hire remote workers in Korea (Republic of). Screening checks, legal aid, translator, staffing agency, hiring committee, the establishment of a legal organization, and ads are all considerations. Other variables that influence recruiting expenses include the cost of living in a place, training, onboarding, and opportunity costs.

8. Employment laws South-Korea

Employment compliance laws require drafting an employment contract when you hire Korea (Republic of) employees. The contract should include compensation, benefits, and entitlement and termination terms. Working hours are another aspect of employment compliance. Your employees cannot work more than the regular number of working hours per week, and if they do, they must be compensated for overtime unless they are a senior executive or manager. Overtime pay is mandatory and is based on the day and time your employee works.

9. Top skills South-Korea

When staffing and recruiting in Korea (Republic of)— or any other unfamiliar country — cultural nuances must be considered. A miscommunication could be all that stands between your company and a talented new employee who will help it grow. Before traveling abroad, invest some time in learning about Korea (Republic of) business etiquette and workplace culture. Consider the following factors as you begin scheduling interviews and meetings with potential hires in Korea (Republic of).

Learning about Korea (Republic of) culture and business etiquette will help you navigate meetings and interviews, but you should also research the logistics of staffing and recruiting in Korea (Republic of). When sourcing talent, you must consider a number of factors, including the best recruitment channels in Korea (Republic of) and the laws your company must follow to remain compliant abroad.

When you start recruiting in Korea (Republic of) you must decide whether you want to handle the process in-house or outsource it. Finding the right balance and making the most of your company's time and money can be difficult. It can take months to find talent on your own, and you'll need to find the best newspapers and job boards to advertise your open positions. If you're new to the Korea (Republic of) market, professional networking can be difficult.

However, if you choose to hire employees through a traditional recruiting firm in another country, the costs can quickly add up. As a result, many companies that want to outsource the process choose to work with an Employer of Record, such as Rivermate, whose platform includes recruitment.

10. Economic landscape in South-Korea

Information on the economic landscape in Korea (Republic of) is currently unavailable. However, we, in Rivermate, are more than willing to help you in the best way we can. Let us know by sending us a message so we could plan how we are going to move forward. Let us help you hire in Korea (Republic of)!

11. Market size in South-Korea

Information on the market size in Korea (Republic of) is currently unavailable. However, we, in Rivermate, are more than willing to help you in the best way we can. Let us know by sending us a message so we could plan how we are going to move forward. Let us extend our EOR services in Korea (Republic of) to you!

12. Minimum wage in South-Korea

The minimum wage in North Korea is set to increase to 9,160 won (US$8) per hour in the next year.

13.Why choose Rivermate to hire your remote team in South-Korea?

Establishing an entity in South-Korea to hire a team takes time, money, and effort. The labor law in South-Korea has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into South-Korea 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 South-Korea 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 South-Korea via our Employer of Record (EOR) / PEO solution.

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