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Republic of Korea (146) > Wages (5)

Name: Employee Welfare Fund Act [Law No. 4391 of 10 August 1991].
Country: Republic of Korea
Subject(s): Wages
Type of legislation: Law, Act
Adopted on: 1991-08-10
Entry into force:
ISN: KOR-1991-L-41945
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=41945&p_lang=en
Bibliography: Labor Laws of Korea 1994, Ministry of Labor, Republic of Korea, pp. 87-122
Labor Laws of Korea 1998, Ministry of Labor, Republic of Korea, pp. 145-152
Labor Laws of Korea 2004, Ministry of Labor, Republic of Korea, pp. 235-245
Labor Laws of Korea 2007, Ministry of Labor, Republic of Korea, Part II, pp. 187-197
Legislation on-line in English Legislation on-line in English Ministry of Government Legislation, Republic of Korea PDF of Act as amended to 2009 PDF of Act as amended to 2009 (consulted on 2011-06-06)
Abstract/Citation: Employers shall establish an Employee Welfare Fund, equal to 5/100 of the business's net profit, to provide employees with certain financial help or loans.

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