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SiteLegal EntityBenefit CategoryBenefit TypeBenefit DescriptionEligibility
All SitesAll EntitiesTraditional benefitsDeathDeath due to disease: the plan differs by entities - Please contact Site HRAll Employees
All SitesAll EntitiesTraditional benefitsDisability80% disability due to disease: the plan differs by entities - Please contact Site HRAll Employees
All SitesAll EntitiesTraditional benefitsPersonal AccidentDeath or disability due to accident: the plan differs by entities - Please contact Site HRAll Employees
All SitesAll EntitiesTraditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)Medical Insurance: the plan differs by entity - Please contact Site HRAll Employees
All SitesFormer SKC(ex. special chem. R&I)RetirementPension / Savings PlanDB plan & DC plan
Monthly average salary × years of service × *multiple
 *The multiple applies only to executives and varies depending on their Korean title.
All Employees
All SitesFormer SCSKRetirementPension / Savings planDB plan & DC plan
Monthly average salary x years of service x *multiple
*The multiple is determined based on the cumulative table in the employment policy.
All Employees
All SitesCytecRetirementPension / Savings planDC plan
Monthly average salary x years of service x 1.5
All Employees
All SitesSSPKRetirementPension / Savings planDB plan & DC plan
(Only DC Plan applies to employees who joined in 2021 or later)
Monthly average salary x years of service
All Employees
All SitesFormer SCSKTraditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)Medical check-up
200,000 every year
≥ 35 ages, support spouse's medical check-up 200,000
All Employees
All SitesCytecTraditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)Medical check up
200,000 every year
All Employees
All SitesFormer SKC(ex. special chem. R&I)Traditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)1. Provide medical expenses (over 30KKRW) within 4 months
Limitation: Employee(No limit),Spouse, children (within 2MKRW/person)
For spouse, cancer, heart disease, blood vessel is supported till 5 MKRW

2. Medical check up
2-1. Local
-Every year : 1,400,000 for executives and spouses / 300,000 for employees and spouses 1. Provide medical expenses (over 30KKRW) within 4 months
Limitation: Employee(No limit),Spouse, children (within 2MKRW/person)
For spouse, cancer, heart disease, blood vessel is supported till 5 MKRW

2. Medical check up
2-1. Local
-Every year : 1,400,000 for executives and spouses / 300,000 for employees and spouses 
≥ 40 (However, if the spouse is under 40 years old, it is enforced every other year)
-Biennial : 300,000 for Employees and spouses over 30 years of age with more than 3 years of actual service (However, career recognized)
2-2. Expat
-As from S23 : Male 2300 KKRW, Female 2600 KKRW (flexible every year depending on the inflation) for every year and 700 KKRW for spouses and children (Children until the age of 25 years/ Once when they arrive or leave the country)
-Up to S22 : 700 KKRW for every year and 700 KKRW for spouses and children(Children until the age of 25 years/ Once when they arrive or leave the country)
40 (However, if the spouse is under 40 years old, it is enforced every other year)

-Biennial : 300,000 for Employees and spouses over 30 years of age with more than 3 years of actual service (However, career recognized)
2-2. Expat
-As from S23 : Male 2300 KKRW, Female 2600 KKRW (flexible every year depending on the inflation) for every year and 700 KKRW for spouses and children (Children until the age of 25 years/ Once when they arrive or leave the country)
-Up to S22 : 700 KKRW for every year and 700 KKRW for spouses and children(Children until the age of 25 years/ Once when they arrive or leave the country)
All Employees
All SitesSSPKTraditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)1. Medical exp.
Applied to employees(coverage to direct family members excluded) based on his/her service year at SSPK
- from 1 years : up to 1M KRW/year
- from 3 years : up to 2M KRW/year
- from 5 years : up to 4M KRW/year
• medical expense over 100,000 KRW can be claimed
• 50% coverage for dental treatments
• upto 300 K KRW/year for optical correction

2. Medical check up
300 KKRW/every year for employees and spouses(≥ 40) over 1 year of service
All Employees
All Sites
Cytec
Mobility / commuter benefitsPersonal car allowanceKRW 100,000/mth/person for the employee without a company carNon-commercial employees below S19
who joined before 2021
All SitesSSPKMobility / commuter benefitsPersonal car allowanceKRW 80,000/mth/person for non-commercial employeesNon-commercial employees below S19
who joined before 2021
All SitesFormer SKC(ex. special chem. R&I)Mobility / commuter benefitsPersonal car allowanceFor employees without a company car
Commuting allowance
(As from S16)
- S18: 250KKRW / month
- S17: 200KKRW / month
- S16: 150KKRW / month
S16 and above
All SitesAll EntitiesMobility / commuter benefitsCompany car (may include fuel)Access the table hereCadre ≥ S19
Sales
All SitesAll EntitiesPerquisitesLunch/food allowance/tickets/subsidised cantine/ etcCafeteriaAll Employees
All SitesFormer SCSK, SSPKPerquisitesChildren-related benefits (birth allowances /tuition/ vacation/entertainment/day-care benefits/ etc.)

Children(No limitation in number)

For children taking Middle / High school :
 - 100% of Entrance/Tuition fee

For children taking College / University :
 - 100% of Entrance/Tuition fee
 - In case of Study Abroad: The average of Entrance/Tuition fees in 4 local Universities

All Employees
All SitesCytecPerquisitesChildren-related benefits (birth allowances /tuition/ vacation/entertainment/day-care benefits/ etc.)The assistance shall be applicable to the children of current employees only. The number
of beneficiaries shall be limited to 2 children at the same time for high school and 1
child for university which must be located in Korea. The expenses for attending classes
at the university will only be reimbursed for the first 4 years of education.
This Policy does not apply to employees having a fixed term (temporary) contract.

The amount of assistance shall be limited to KRW 1,500,000 per year for
children attending high school and KRW 4,000,000 per year for children attending
university.
All Employees
All SitesFormer SKC(ex. special chem. R&I)PerquisitesChildren-related benefits (birth allowances /tuition/ vacation/entertainment/day-care benefits/ etc.)

For employees who are requesting support in their children’s studies costs. 

Kindergarten : 
  - Max. 100K KRW/month
  - Children aged 5 to 7 in Korean age for 3 years
  - Limits to 3 children
  - Not retroactively applicable

Middle/High School : 
  - Eligible for employees with 3 years of service or more
   - Aactual cost Max. 500K KRW/quater
   - Studay abroad : 2M/year

College/University : 
  - Eligible for employees with 7 years of service or more
   - 100% of entrance/tuition fee
   - Max. 8 semesters
   - Studay abroad : 10M/yr

All Employees
All SitesFormer SKC(ex. special chem. R&I)PerquisitesOther benefits/perquisites50% of entrance/tuition fee
College/univ. : For regular semesters
Master,Dr. : For regular semesters + One more semester
Employees with at least 1 year of service
All SitesFormer SKC(ex. special chem. R&I)PerquisitesJubilee/Service Award5, 10, 15, 20, and 25 years anniversary
Continuous service for long terms
- 5 years of service: 2 holidays and 200,000 trip expense
- 10 years of service: 4 holidays, gold medal(5-don), 300 KKRW trip expense
- 15 years of service: 7 holidays, gold medal(10-don), 500KKRW trip expense
- 20 years of service: 10 holidays, gold medal(15-don), 1 MKRW trip expense
- 25 years of service: 10 holidays, gold medal(20-don), 1 MKRW trip expense
All Employees
All SitesFormer SCSKPerquisitesJubilee/Service Award10, 15, 20,25 and 30 years anniversary
Continuous service for long terms
- 10 years of service: Gold (10-don) and cash 100K KRW
- 15 years of service: Gold (1-don) and cash 300K KRW
- 20 years of service: Cash 2M KRW and special leave 4 days
- 25 years of service: 50% of monthly base salary
- 30 years : Cash 3M KRW and Support for overseas travel with couple (Limit: 2M KRW)
- Retired employee : Gold (10-don)
All Employees
All SitesSSPKPerquisitesJubilee/Service Award10, 15, 20,25 and 30 years anniversary
Continuous service for long terms
- 10 years of service: 1.5M KRW
- 15 years of service: 500K KRW
- 20 years of service: Cash 2M KRW  + 4 holidays
- 25 years of service: 2.5M KRW
- 30 years  : Cash 3M KRW    
- Retired employee : Gold (10-don) and  an appreciation plaque
All Employees
All SitesFormer SKC(ex. special chem. R&I)PerquisitesOther benefits/perquisitesFamily Allowance (Max. 80K KRW)
  - Single : 25K KRW / month
  - Married : 50K KRW / month
  - 10K KRW / month per children 
All Employees
All SitesCytecPerquisitesOther benefits/perquisitesSubsidy for employee’s share of National Health Insurance premiumAll Employees
who joined before 2021
All SitesFormer SKC(ex. special chem. R&I)PerquisitesLoans

Loan type
 - Type 1 : for employees who did/do not stay in the company house
 - Type 2 : for employees who stay/stayed in company house
 - Type 3 : Lending medical/deposit money/wedding/funeral expenses

Redemption period
 - Less than 20MKRW : 5 years
 - More than 20MKWR : 7 years

All Employees
All SitesSSPKPerquisitesLoans

Employees more than 3 years service 
    - 10 M KRW per case with 3 years maturity
    - Max 2 times per employee
    - No interests borne by employees but income taxes 

All Employees
with at least 3 year service
All SitesFormer SCSKPerquisitesLoans

Employees more than 1yr service 
    - 1st : Max 20M KRW / 2nd&3rd : 30M KRW
    - Max 3 times per employee
    - No interests borne by employees but income taxes 

All Employees
with at least 1 year service
All SitesCytecPerquisitesLoans

Interest support
Employees more than 1yr serivce
  - Half of Home loan interest
    - Subsidy : up to 5% for loan amount up to 30,000,000KRW with 10% interest and it is taxable. → Max 1.5M KRW/year per 1 employee
    - Period : up to 3 years (renewable for max. 2 times)
    - Max 1 time per employee

*Not eligble for employee who own 2 or more houses & who assume the actual burden for the interest payment due to the interim payoff of the housing loan.
*Subsidy Pool : 6M/year (The aggregate housing loan interest assistance provided by the Company shall be limited to 6,000,000 KRW per year.)
*Per year, the aggregate housing loan interest assistance for new applicants
shall not exceed 3,000,000 KRW while the number of applicants shall not be limited.

All Employees
with at least 1 year service
All SitesSSPKPerquisitesWellness/ Fitness allowance or other similar arrangementsFitness allowance for legal entity executives
- upto 300 KKRW per month for GM(Sajang)
- upto 200 KKRW per month for KAM(Jeonmoo)
K grade_Sajang & Jeonmoo
All SitesFormer SKC(ex. special chem. R&I)PerquisitesWellness/ Fitness allowance or other similar arrangements

Self development support : Gym, book, language etc.
 - Actual Cost within 50K KRW/month

Refreshing support (Condominium allowance)
 - Actual Cost within 50K KRW/1night 
 - Max 6days/year (=300K KRW/1year)  

All Employees
All SitesFormer SKC(ex. special chem. R&I)PerquisitesGifts/medals/dinners/etcLunar New Year, Chuseok : Cash 200K KRW
Foundation Day: Cash 50K KRW
Labor’s Day: Cash 50K KRW
Children's Day: Cash 20K KRW per child
All Employees
All SitesSSPKPerquisitesGifts/medals/dinners/etcLunar new year, Chuseok, and Company foundation day:
Cash 100K KRW
All Employees
All SitesFormer SCSKPerquisitesGifts/medals/dinners/etcLunar new year, Chuseok : Cash 500K KRW
Summer vacation : Cash 500K KRW
Foundation day : Cash 150K KRW
Birthday : Cash 100K KRW
All Employees
All SitesCytecPerquisitesGifts/medals/dinners/etcBirthday: Cash 50K KRW
Chuseok, Lunar New Year : 100K KRW
All Employees





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