Purpose: Ensures severance pay for foreign workers. Employers are required to enroll within 15 days from the start of the employment contract.
Employers hiring foreign workers with more than 1 year of employment period remaining.
8.3% of the foreign worker’s monthly average wage, to be paid monthly
Can be claimed by either the foreign worker or the employer in case of employment changes, such as departure (excluding temporary departures).
| Foreign Worker Application | Applicable when a worker has been employed at the workplace for more than one year and any of the following situations occur:Change in visa status Permanent departure due to expiration of the permitted stay Death or other employment changes |
|---|---|
| For Employers | Applicable when a worker has been employed at the workplace for less than one year. |
If a foreign worker resigns after working for more than 1 year and departs permanently, the employer should report the departure to the Employment Support Center of the Ministry of Employment and Labor and submit the necessary documents to Samsung Fire & Marine Insurance. Claims can also be made after departure.
Provides protection against wage arrears. Employers are required to enroll within 15 days from the start of the employment contract.
Employers not covered by the Wage Claim Guarantee Act. Employers with fewer than 300 employees at the workplace.
Employers must sign an insurance agreement at an employment training institution and pay the insurance fee in cash (via account transfer).
Foreign workers must report wage arrears to the Employment Guidance Division of the Ministry of Employment and Labor for verification.
Wage arrears must be reported to the Employment Support Center of the Ministry of Employment and Labor. Submit the necessary documents to Seoul Guarantee Insurance to process the claim.
Insurance Claim Application Form, worker’s bank account in their name, ID (passport or foreign registration card), Wage Arrears Confirmation.
