Mandatory Social Insurance
Foreign-invested companies hiring employees must enroll in all four social insurances like domestic companies.
Employment Insurance
- Rate: 1.8% of wages (employer 1.05% + employee 0.9%)
- Coverage: All workplaces with 1+ employees
- Registration: ei.go.kr or COMWEL
Industrial Accident Insurance
- Varies by industry (avg ~1.6% manufacturing), employer pays entirely
- Mandatory for all workplaces (comwel.or.kr)
Vision Administrative Office: FDI setup and social insurance filing. 02-363-2251