[Contributing Authors: Oracle Asia Pacific Payroll Development]
The Korea Cumulative Release Patch KR.92 has been released with Statutory Updates for Republic of Korea.
This patch contains the Statutory Updates for 2019 and 2020 as listed below:
2019 Statutory Updates
- Year End Adjustment Tax Receipt Updates
- NTS XML Data Extract Changes
- Simple Earning Report E-File Changes
2020 Statutory Updates
- Basic income exemption amount for year-end calculation Changes
- Separation Pay Tax Receipt Changes
- Long Term Care Insurance Premium Rate Changes
Patch Information
- Release 12.1 – Patch 30721606:R12.PAY.B
- Release 12.2 – Patch 30721606:R12.PAY.C
These patches require the post install steps of running the data installer and hrglobal.drv.
Please be sure to carefully read all the readme’s before beginning to install this patch, to ensure successful processing. In addition to the patch readme, please see the following functional readme on My Oracle Support: Document 2626339.1 – Korea Cumulative Release Patch – KR.92. The functional readme listed above do not contain detailed patch installation instructions.
Prerequisites: R12.HR_PF.B.Delta.12 and R12.HR_PF.C.Delta.13 are the lowest levels of HRMS Release Update Pack (RUP) on which Korean Payroll customers are supported for the 2019 year-end processing and statutory updates effective from January 2020.
If you experience any issues with this patch, please log a Service Request on My Oracle Support, product: Oracle HRMS (Republic of Korea)