Industrial Accident Compensation

Chapter 1. Understanding Industrial Accident Compensation Insurance

II. Application

A. Workplaces
This Act shall be applicable to all businesses or workplaces, with the exception of those prescribed by Presidential Decree (see the below table).
The employer of a business for whom there is no obligation to contribute to IACI may also choose to take out or terminate insurance with approval from the Korea Employee Welfare Corporation.






B. Separate Insurance for Employees Dispatched Overseas
For an employee dispatched overseas (excluding short-term visitors), the employer shall take out insurance separately with the Employee Welfare Corporation. Even if the employee concerned is subject to the four social security insurances and income tax in Korea, he/she will not be eligible for industrial accident compensation if he/she is not additionally insured for IACI.

For further questions, please
call (+82) 2-539-0098 or email bongsoo@k-labor.com

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