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KR Announcement : Korea 2023 Statutory Changes is now available

edited Mar 14, 2023 8:31AM in Payroll and OTL - EBS (MOSC) 1 comment

Korea 2023 Statutory Changes is now available in My Oracle Support.

Patch Information

Release 12.2 - Patch 35055714:R12.PAY.C

Please see the following readme on My Oracle Support for full details:

KOREA STATUTORY CHANGES 2023 (Doc ID 2933982.1)

This patch also includes the Statutory changes delivered earlier through KOREA STATUTORY CHANGES 2023 (Doc ID 2915270.1)

Please be sure to carefully go through all the readme's before beginning to install this patch.

Patch Contents:

 Statutory Updates:

  1. Income Tax Rate Changes Correction
  2. Foreign Worker Fixed Tax Rate Expiry Duration Changes
  3. Monthly/Bonus Tax Calculation Changes
  4. Health Insurance Min/Max Premium Limit Change

HRMS Mandatory & Recommended Patch Information for Asia Pacific:

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