South Korea: Coronavirus Update for Employers in South Korea

coronavirus update for employers in South KoreaAsinta’s South Korean Partner, EB Incorporation, provided this coronavirus update for employers in South Korea. 

As of March 9, 2020, South Korea has a total of 7,382 COVID-19 cases. According to EB Incorporation, global workforce managers should also know that:

  • The government recommends people stay home as much as possible.
  • School openings for kindergarten through college are delayed until late March.
  • All people must wear a mask to enter all public places.

Health insurance

  • There is no separate insurance product or claims procedure for COVID-19.
  • Claims processing happens the same way for personal and group insurance for both in-patient and out-patient care.

Sick leave

  • Most companies in Korea have a sick leave policy.
  • Some companies (e.g. hotels, airlines) use unpaid leave because sales and employee working hours decreased sharply in the wake of COVID-19

Other helpful resources

 

This coronavirus update for employers in South Korea is one of a series dedicated to helping global workforce managers navigate the evolving challenges brought on by COVID-19. Expect regular articles such as this from the Asinta Partnership as the global impact of the coronavirus unfolds.