Employee Benefits in South Korea 2018

Market: Financial Services

South Korea, 47 pages report, published by GlobalData

Report ThumbnailOctober-2018
Employee Benefits in South Korea 2018

Summary

The South Korean social security system comprises social insurance, public assistance, and social welfare services. The main component is the social insurance program and the most important sector, with respect to resources and expansion, is health insurance. The country has an industrial accident insurance program and a government pension system that covers civil servants, military personnel, and private school teachers. These systems aim to prote

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  • List of Figures
  • Figure 1: South Korea - Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: South Korea - Country Statistics
  • Table 3: South Korea - Survivors’ Pension
  • Table 4: South Korea - Disability Pension
  • Table 5: South Korea - Public Holidays
  • Table 6: South Korea - Observance Holidays
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN SOUTH KOREA
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Types of Retirement Plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Pensionable Salary
  • 6.1.6 Benefits
  • 6.1.7 Payment Options
  • 6.1.8 Typical Employer Practice
  • 6.1.9 Employee and employer contributions
  • 6.1.10 Taxation
  • 6.2 Death in Service
  • 6.2.1 Intro
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