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Labor Standards Act — Article 22 (Prohibition of Compulsory Savings)

근로기준법 제22조

This English translation is based on the Korean text effective 2025-10-23. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) An employer shall not enter into any contract incidental to a labor contract, which provides for compulsory savings or savings deposits management.

(2) Where an employer manages savings deposits entrusted by an employee, the following shall be observed:

1. Types and periods of deposits, and financial institutions shall be determined by the employee, and the deposit shall be made under the employee's name;

2. The employer shall immediately comply with the employee's request for the inspection or return of the certificate of deposit or other related documents.

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