| Korean Immigration has recently implemented new policies on the E2 visa requirements, such as requiring medical records, criminal records, and interviews at overseas Korean embassies. This is a very fluid situation and there is a general opinion that the execution of the policy will continue to be refined. As a result, we cannot guarantee that our information will be current, to the moment. If you wish for the latest information and safe guidance, we please encourage you to contact Rowan at ESL-Planet, who is always at the forefront of industry changes and helping teachers get good jobs.
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Upon satisfactory completion of your one-year contract for teaching in Korea, you are entitled by Korean law to a severance bonus. Hopefully, to avoid any complications, the Severance Clause was included in the contract agreement with your employer. However, if this has not been done, you can seek enforcement through the Korean Labor Court if your employer is reluctant to comply with this law.
The amount of severance bonus paid is calculated by dividing the total sum of your final three months’ service pay by three. For example: your pay in United States dollar equivalent for the final three months of service was $6,000. Divide this amount by three and your severance pay bonus would be $2,000 US. The figures are calculated from your base pay and the amount generally equates to one month’s service.
The severance pay is subject to the same taxation as your regular salary. Technically, your employer is not required to pay all or part of the bonus to you until the completion of the contract. Article 34 of the Labor Standards Act states that you can request the employer to give you your severance pay before the completion of your contract. However, the decision as to whether to give you early payment is strictly up to the employer. In effect, severance pay is a bonus reward for a job completed and well done. This is a standard entitlement for teachers of English in Korea.
If for some reason a problem occurs and you do not receive your severance pay from your employer, you have legal recourse. In this instance, you should go to the Korean Labor office to file your complaint and must bring a copy of your contract and your Alien Registration Card to prove that you have been legally teaching at the school.
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