| A.
Bookkeeping Service |
| - |
Preparation of cash receipt and disbursement vouchers,
and journal entries in Korean and English |
| - |
Maintenance of accounting records for Korean regulatory
purposes and for purposes of reporting to the parent
company |
| - |
Compilation
of balance sheets, income statements, and other necessary
financial information for the purposes of reporting
to the parent company |
| - |
Monthly
closing of general ledger and preparing financial reports
for the purpose of reporting to the parent company within
due dates |
| B.
Cash Management Service |
| - |
Maintenance
of bank registry for payment and outsourcing service for
vendor payment |
| - |
Preparation
and submission of cash payment report |
| C.
Payroll Service (including Payroll service for expatriates |
| -
|
Preparation
of monthly payroll registers and calculation of payroll
income taxes based on information provided by the Company
|
| -
|
Preparation
of various information and data on payroll with Excel
file for CEO and CFO of the Company, if requested by
the Company |
| - |
Arrangement
of deposits with a designated bank to transfer monthly
net payroll for the concerned individual employees,
if requested by the Company |
| - |
Preparation
of individual monthly pay slips (i.e., pay stub) to
be distributed to each employee of the Company (on a
private & confidential basis) |
| - |
Preparation
and submission of the monthly withheld payroll income
tax report to the relevant tax office |
| - |
Coordination
with Class B Taxpayers Association for the expatriates
to get the Class B income tax credit |
| - |
Calculation
of severance payments, income taxes withheld therefrom,
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 once a year at the
end of the fiscal year |
| - |
Preparation
of the social insurance reports to the relevant association
regarding resigning or new joining employee |
