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A. Monthly Services
Preparation of monthly payroll sheet and calculation of payroll income taxes based on information provided by the Company
Preparation of individual monthly payroll slips (i.e., pay stub of hard copy or email) either in Korean or in English to be distributed to each employee of the subsidiary on a private & confidential basis
Preparation and filing of the monthly withholding payroll income tax report to the relevant tax office including resident surtax return
Maintenance of the payroll income tax withholding register of each employee
Preparation of certificates related with payroll information such as withholding certificate of Class A earned income and Severance Income
Calculation of severance payments, income taxes withheld wherefrom, and declaration of payroll income taxes on annual payroll for resigning employees, including preparation of receipts for withholding income taxes thereon based on information provided by the Company
Calculation of severance indemnities accrual at each month-end, especially the Company's fiscal year-end
Preparation and submission of the monthly national health(medical) insurance summary sheet to the relevant District National Health Insurance Corporation (NHIC) based on information provided by the Company
Preparation and submission of the monthly national pension summary sheet to the relevant District National Pension Service(management) Corporation (NPSC) based on information provided by the Company
Administration of employment insurance and industrial worker's accident compensation insurance related matters
Calculation of severance payments and income taxes thereon for terminated employees including preparation of statements of withholding income taxes for the tax office
Preparation of employee social insurance reconciliation on every March
B. Yearly Services
Preparation of year-end income tax settlements on employees' annual earned income in February of the following year or at the time of employment termination including preparation of statements of withholding payroll income taxes for submission to the tax office based upon documents and information provided by the Company as well as issuance of annual tax payment certificates to each employee
Preparation and filing of electronic tax reporting files on year-end settlement by March 10th of the following year