Legal basis

  • LABOR STANDARDS ACT

1. Definition

A labor contract means a contract which is entered into so that an employee offers work for which the employer pays its corresponding wages.

2. Term of Contract

  • The term of a labor contract shall not exceed one year, except in case where there is no fixed term or where there is an otherwise fixed term as necessary for the completion of a certain project.

3. Terms and Conditions of Employment

  • An employer shall state the following matters clearly. The same shall also apply to any alteration of the following matters after entering into a labor contract:
  • Wages;
  • Contractual work hours;
  • Holidays;
  • Annual paid leaves;
  • Other terms and conditions of employment prescribed by Presidential Decree.
  • An employer shall deliver the written statement specifying constituent items, calculation methods and payment methods of wages with respect to the wages and the matters to employees: such as changes, etc. of collective agreements or rules of employment, such matters shall be delivered to the relevant employees at their request.
Bạn đang xem : Understanding Labor Contracts and Terms of Employment in Korea