Business places of 10 persons or more need to have their own employment rules and notify such rules to the Ministry of Employment and Labor.

In particular, any intended changes to the rules unfavorable to its employees will need the employees’ majority consent.

There are many considerations to look out for in calculating ordinary wages and an expert’s review and guidance are advisable.

In case of hiring any and all forms of employees in Korea, the preparation of employment contracts is obligatory.

Unless the relevant person does not have such employee status, you will need to prepare and deliver employment contracts to all of your employees.