Korean Temporary Employment Outsourcing sfo2kr

PEO Services means your recruited people are temporarily being recruited by Evershine Seoul, due to some reasons, your Parent company has not yet set up foreign-owned subsidiary in South Korea, but there is a demand for having staff. The services will arrange your recruited staff in the way to comply with South Korean salary, labor and individual income tax laws and regulations.

E-mail: sfo2kr@evershinecpa.com
Or

The Engaging Manager Ian Lin, well-English speaker
Tel: +1-510-996-2685

If your company doesn’t want to set up an WFOE (Wholly Foreign Owned Entity) in South Korea, but you will recruit employees temporarily or by project base, we suggest you adopt our South Korea Temporary Employment Outsourcing.
It means Evershine will recruit your overseas expatriates or South Korea local staff on behalf of your company.
And then we will take care of all kinds of relevant local services including of payroll compliance and expenditure process.
Besides, Evershine will fully comply with South Korea  law and regulations on individual Tax, Statuary Social Benefit and Labor’s right.

We found  that our  services have another name so-called PEO (Professinal Employer Organization) Service.

For South Korea Local staff:

Service Coverage-for South Korea Local Employees:
* Recruiting contract
* asking-leave arrangement and over-shift processing complied with South Korea regulations
* Online Payroll Management System
* File for listing and delisting of Labor Insurance and Health Insurance
* Gross salary calculation based on fixed and non-fixed salary, Leave and Overtime
* Labor Insurance Charge paid by the company and employee
* Health  insurance  Charge paid by the company and employee
* Pension Fund Charge paid by the company and employee
* Withholding Tax
* Gross salary and net-cash salary
* Salary wire transferring services
* Delivering payment slip to each employee
* Accepting query from each employee.
* Annual accumulation salary income and withholding tax report to Tax Bureau.
* Year-end insurance premium certificate
* Severance pay application
* Semi-annual adjustment of insured caps and LPA caps.
* Laid-off arrangement complied with South Korea regulations.

Service processes-for South Korea Local Employees:
*Evershine will sign “Labor Contract “with your local staff based on the term of your Employment Contract. At that same time, Evershine will sign” Service Subcontract Agreement” with your company.
*Evershine will take care of these local employees complied with South Korea regulations on Tax, Statuary social benefits and labor’s right.
*Evershine will take care of payroll calculation and expenditure payment request of these  local staff. Then let you approve each payment and monthly payment sheet.
*Evershine will ask your company to pay us the fund before we pay salary and expenses to your local staff.
*Evershine will take care of wiring process to your South Korea local staff.
*Evershine will take care of payroll compliance in South Korea.
*When lay-off  these local employee, Evershine will take care of it complied with South Korea regulations.

Why clients use this  Employment Outsourcing services to recruit South Korea local Employees ?
Timing
*When you need Korean help to  do marketing or promotion for  your products or services in South Korea.
*When you need Korean help to  do product sourcing, supplier sourcing and quality assurance  before shipping  in South Korea.
*When you assign Korean  to  do  Research and Development  in South Korea.
*When you want to  compete government bidding  and need Korean to prepare bidding documents.

Advantages:
*Adopting Evershine “Temporary Employment Outsourcing”, you need not to maintain a legal entity which surely reduce   company maintenance expenses.
*You can quickly to assign a person to reside in South Korea because this decision will not need  through BOD resolution from  your Parent company site.
*Of course you can withdraw your activities from South Korea very easily.

Disadvantages:
*Adopting Evershine “Temporary Employment Outsourcing”, when you pay us Expatriate cost of salary and tax-deductible employee expenses, it need to add up 10% Value Added Tax according to South Korea tax regulations.
*when you pay us Expatriate cost of Employee’s expenditures, if it belong non-tax-deductible expenses, it need to add up about 35% ( Income tax rate + Value Added Tax rate) according to South Korea tax regulations.
*That will increase your cost  10% ( South Korea VAT Rate) when comparing with executing payroll compliance by your own South Korea WFOE.

The conclusion is:
*When your employment is few people and short-term, you can adopt our Temporary Employment Outsourcing in South Korea.
*And when your operation become stable and long-term, you need to set up your own WFOE in South Korea.
*Remember we can provide payroll compliance services to you in both scenarios.

 For Overseas Expatriates

Service Coverage-for Foreign Expatriates:
* Recruiting contract
*Work Permit Application recruited by Evershine
*ARC (Aliens Resident Certificate) Application
*Arranging Pick-up in Tao-Yuan International Airport
*Arranging hotel or renting residence
*Arranging  Trading center or Office renting
*Arranging opening bank account
*Arranging Cell Phone or Car renting
*Payroll Compliance
*Arranging Employees’ expenditure
*Annual Personal Income Tax when an Expatriates stay in South Korea over 183 Days in a year.
*Other local services

Service processes-for foreign expatriates:
*Evershine will sign “Labor Contract “with your expatriates  based on the term of your Employment Contract. At that same time, Evershine will sign” Service Subcontract Agreement” with your company.
*Evershine will apply work permit and ARC for your expatriates.
*Expatriates will come to South Korea. Evershine will provide all relevant local service like airport pick-up, office arrangement, cell phone application, residence arrangement, bank account opening  and medical insurance etc.
*Evershine will take care of payroll calculation and expenditure payment request of these expatriates. Then let you approve each payment and monthly payment sheet.
*Evershine will ask your company to pay us the fund before we pay salary and expenses to your expatriates.
*Evershine will take care of wiring process to your Expatriates.
*Evershine will take care of payroll compliance in South Korea.

Contact Us:
E-mail: sfo2kr@evershinecpa.com
Or

The Engaging Manager Ian Lin, well-English speaker
Tel: +1-510-996-2685 .

Additional Information
Taipei Evershine CPAs Firm

6th Floor, 378 Chang Chun Rd.,Zhongshan Dist., Taipei City, Taiwan R.O.C.
Near MRT Nanjing Fuxing Station
Principal Partner :
Dale C.C. Chen
CPA in Taiwan+China+UK/ MBA+DBA/ Patent Attorney in Taiwan
Mobile: +86-139-1048-6278 in China ;
Mobile:+886-933920199 in Taipei
Wechat ID: evershiinecpa ;
Line ID:evershinecpa
skype:daleccchen ;
Linking Address:   Dale Chen Linkedin

Evershine Global Service Sites for Reference:

Evershine has 100% affiliates in the following cities:
Headquarter, Taipei, Xiamen, Beijing, Shanghai, Shanghai,
Shenzhen, New York, San Francisco, Houston, Phoenix Tokyo,
Seoul, Hanoi, Ho Chi Minh, Bangkok, Singapore, Kuala Lumpur,
Manila, Dubai, New Delhi, Mumbai, Dhaka, Jakarta, Frankfurt,
Paris, London, Amsterdam, Milan, Barcelona, Bucharest,
Melbourne, Sydney, Toronto, Mexico

Other cities with existent clients:
Miami, Atlanta, Oklahoma, Michigan, Seattle, Delaware;
Berlin, Stuttgart; Prague; Czech Republic; Bangalore; Surabaya;
Kaohsiung, Hong Kong, Shenzhen, Donguan, Guangzhou, Qingyuan, Yongkang, Hangzhou, Suzhou, Kunshan, Nanjing, Chongqing, Xuchang, Qingdao, Tianjin.

Evershine Potential Serviceable City (2 months preparatory period):
Evershine CPAs Firm is an IAPA member firm headquartered in London, with 300 member offices worldwide and approximately 10,000 employees.
Evershine CPAs Firm is a LEA member headquartered in Chicago, USA, it has 600 member offices worldwide and employs approximately 28,000 people.
Besides, Evershine is Taiwan local Partner of ADP Streamline ®.
(version: 2024/07)
Please contact us by email at HQ4sfo@evershinecpa.com

Other Services in South Korea