1. Applying for University Pension Plan
    In order to apply for the pension plan, you will need to fill out and submit a Standard Monthly
    Salary Card, including your work experience in Korea.

2. Health Insurance
    In order to apply for health insurance through Kyung Hee University, please submit a copy of you
    and your dependents’ (if any) foreigner registration card(s) or residency card(s).

3. Direct Deposit
    After filling the appropriate direct deposit form, please submit it to the Accounting Section of Kyung     Hee University.

4. Accounting Section’s Affairs


     1) Payment of Monthly Salary
         - Payment Date : The 25th day of every month. (In case the 25th day is a holiday, payment will
            be made on the previous day)


     2) Preparation of Income Tax Report : Prior to tax return season, you will receive a detailed packet
         explaining the various procedures and required documents needed to file your end-of-the-year
         tax adjustment with the Korean National Taxing Authority. In order to prepare for such filing,
         you should gather the following documents throughout the year to attach to your filing and
         submission.


         - Insurance Payment Certificate(s) : For insurance payments made for both you and any of your            dependents who are named beneficiaries to any insurance plans you pay for. (i.e., auto
           insurance, fire insurance, life insurance policies, etc.)


         - Medical Expenses Receipt(s) or Certified List(s) : For medical payments made for medical
           exam and treatment for both you and any of your dependents. (Annual exemption amount:
           a 5,000,000 Won limit of 3% of the total taxable monthly income)


         - Educational Expense Payment Certificate(s) : School tuition for your spouse, your children,
            and/or your siblings as follows:
               * Preschool : Up to 1,500,000 Won per child annually
               * Elementary school, junior high school, & high school: Up to 2,000,000 Won per child
                  annually
               * College/University : Up to 5,000,000 Won per person annually. Please submit the applicable                   registration receipt(s) as proof of payment.


          - Donation Payment Receipt(s) or Certificate(s) : For donations to local and national
            governments, and registered religious organizations. (A 10% limit on your annual taxable
             income)


          - Earned Income Tax Withholding Receipt(s) : In the event that you taught or worked for another
            institution or company prior to Kyung Hee University, you will need to obtain those documents
            and file them with your Kyung Hee University income tax filing, or separately any time next
            year in the month of May.


          - Credit Card Expense Receipt(s) : [Credit card expenses - 10% of total annual salary] *20%
            deduction
             ** Deduction limit: The lesser of 5,000,000 Won and 10% of total annual salary