Korea To Launch New 'Digital Nomad' Visa on Jan 1 (koreaherald.com) 7
South Korea will start issuing new "digital nomad" visas starting Monday, which will allow some foreign residents to stay for up to two years while maintaining a job back home, officials said Friday. From a report: "To make remote work and vacation of foreigners in Korea smoother, we have decided to launch a new digital nomad visa," the Justice Ministry said, highlighting the rise of the "workcation" trend, where employees work remotely from a different location. "So far, foreigners were required to apply for tourist visas or just stay for less than 90 days without a visa for workcation in Korea. The new system will allow employees and employers in overseas firms to tour and work remotely in Korea for a longer period of time," it added.
Those seeking to apply must submit documents to the Korean embassy in their respective country proving that they earn an annual income of over 84.96 million won ($65,860). The figure is double the amount of Korea's gross national income per capita as of 2022, which stood at 42.48 million won. Applicants must submit additional documents including verification of employment, details of their criminal record and proof of private health insurance. They are required to hold private health insurance with coverage of at least 100 million won to ensure the ability to travel back home in an emergency situation. Applicants must also be 18 or older and have worked in their current field for at least a year.
Those seeking to apply must submit documents to the Korean embassy in their respective country proving that they earn an annual income of over 84.96 million won ($65,860). The figure is double the amount of Korea's gross national income per capita as of 2022, which stood at 42.48 million won. Applicants must submit additional documents including verification of employment, details of their criminal record and proof of private health insurance. They are required to hold private health insurance with coverage of at least 100 million won to ensure the ability to travel back home in an emergency situation. Applicants must also be 18 or older and have worked in their current field for at least a year.
health insurance? (Score:2)
Re: (Score:3)
Private Health Insurance != American Health Insurance
It wasn't written anywhere that it has to be the home one.
Re: (Score:2)
Private health insurance. As in, Korea does not want to foot the bill for the medical needs of foreigners.
Your health insurance has to be sufficient to pay for your care, or to pay for sending you back home, if you are sick or injured.
income tax? (Score:2)
No mention if Korea wants their share of income tax or not?
Re: (Score:2)
I would guess not but hey... A year might enable one to lease an apartment but it's debatable whether that qualifies you as a resident for tax purposes if you're not working for a South Korean employer.
The alternative is abuse of the tourist visa. Let 'em stay a year but you must have a job back home with background checks.
e.e. When I was travelling throughout Argentina for a month, I met several British expats who infamously did a border-run - the ferry from Buenos Aires to Colonia or Montevideo is about 2