Benefits
Medical Plan
GMU Korea provides a comprehensive medical plan through the Korean National Health Insurance Service. The employee and the employer each contribute 50% to this plan.
National Pension
Per Korean law, employees will contribute a percentage (approximately 4.5%) of their salary to the Korean pension system. This amount is also matched by the employer (approximately 9% of monthly salary). The employee is eligible to withdraw his or her pension when leaving the country.
Severance Pay
The employee will accrue an amount equal to 8% of each monthly base salary as severance pay. The employee must be employed by GMU Korea at least one full employment year to be eligible to receive a severance payout. Severance is paid at the end of each contract period (equivalent to an additional one-month’s salary per year).
Personal Leave
Employees can use one day of leave for every full month worked during their first year. Once an employee has worked for 80% of his/her first full year, s/he is entitled to use 15 days of annual leave the following year.
Sick Leave
GMU Korea provides ten sick days per year for personal illness or immediate family care. If a sickness or injury is job related, the National Industrial Accident Insurance Compensation Act will apply. There is no reimbursement for unused sick leave.
Tuition Waivers
Full time employees are eligible for tuition waivers for academic credit classes, and may take up to 12 credit hours under this benefit during the academic year. They may not exceed six credit hours in any semester or term per academic year.
Professional Development
GMU Korea supports employees' professional development. Professional development must be related to employees' enhancement of skills necessary for success in present or future positions.
Work-Life Balance
GMU Korea strives to offer flexible working arrangements that allow employees to balance their work and personal responsibilities.
Sports Facilities
A variety of modern sports facilities are available right at our doorstep, offering a great range of health and fitness activities as well as exclusive membership deals for faculty and staff.
Conservatorium
The campus auditorium hosts events related to arts, music, and theater.
Home Leave
Home Leave airfare is an incentive to attract and retain faculty and senior leadership from abroad. The benefit provides annual round-trip airfare from Korea to the employee’s home of record, for the employee and up to three dependents at KRW 2M per person.
Faculty and senior leadership who meet the following criteria are eligible for this benefit:
- Hired internationally and whose permanent domicile is outside of Korea
- Have a contract length of two or more semesters
Dependent Tuition
Dependent Tuition support is offered to help offset K-12 school tuition in Korea as an incentive to attract and retain faculty and senior leadership from abroad. This benefit provides $15K/KRW 17.5M per child for up to two eligible children.
Faculty and senior leadership who meet the following criteria are eligible for this benefit:
- Hired internationally and whose permanent domicile is outside of Korea
- Have a contract length of two or more semesters
IGC Provided Housing
GC provides housing for faculty, based on family size and availability.
IGC requires faculty to be foreign nationals and not have a permanent address in Korea. Housing assignments may be on or off-campus, with on-campus housing assignment filled first due to cost. Inquiries and housing eligibility questions may be sent to IGC through Mason Korea HR or Facilities staff.
Public Service Loan Forgiveness
If you have student loans in the U.S., you may be eligible for student loan forgiveness. Mason Korea is a qualifying not-for-profit employer for Public Service Loan Forgiveness (PSLF). For details, please click here.
